Interest rates

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For the fifth time this year, the Board of Governors of the Federal Reserve System in the US have voted unanimously to raise the interest rate paid on reserve balances by 0.5 basis points to 4.4 per cent, effective December 15, 2022. The target range for the federal funds rate has been raised to 4.25 to 4.5 per cent, with a view to tame inflation. Rate, Benchmark, Interest Rates, Bank Of England, Federal Reserve, Unemployment Rate, Economic Activity, Economic Systems

For the fifth time this year, the Board of Governors of the Federal Reserve System in the US have voted unanimously to raise the interest rate paid on reserve balances by 0.5 basis points to 4.4 per cent, effective December 15, 2022. The target range for the federal funds rate has been raised to 4.25 to 4.5 per cent, with a view to tame inflation.

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Jessa Nuñez
The US Federal Reserve (Fed) has raised its benchmark interest rate by 25 basis points to a target range of 4.5-4.75 per cent—the eighth consecutive rise by the central bank since March 2022. Inflation has eased somewhat but remains elevated, the Fed’s federal open market committee said, cautioning that ongoing increases would be needed to control inflation. Balance Transfer Credit Cards, Open Market, Bank Of England, Interest Rate, Monetary Policy, Federal Reserve, Economic Activity, Central Bank, Interest Rates

The US Federal Reserve (Fed) has raised its benchmark interest rate by 25 basis points to a target range of 4.5-4.75 per cent—the eighth consecutive rise by the central bank since March 2022. Inflation has eased somewhat but remains elevated, the Fed’s federal open market committee said, cautioning that ongoing increases would be needed to control inflation.

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Moriya Gov Solomon