increase - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Wed, 02 Nov 2022 19:19:09 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png increase - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead https://www.garnertedarmstrong.org/fed-approves-0-75-point-hike-to-take-rates-to-highest-since-2008-and-hints-at-change-in-policy-ahead/?utm_source=rss&utm_medium=rss&utm_campaign=fed-approves-0-75-point-hike-to-take-rates-to-highest-since-2008-and-hints-at-change-in-policy-ahead Wed, 02 Nov 2022 19:19:09 +0000 https://www.garnertedarmstrong.org/?p=42875 The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. In a well-telegraphed move that markets had been expecting for … Read More

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]]> The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation.

In a well-telegraphed move that markets had been expecting for weeks, the central bank raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008.

The move continued the most aggressive pace of monetary policy tightening since the early 1980s, the last time inflation ran this high.

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Source: https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html

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