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Federal Reserve Raises Interest Rates to 22-Year High

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Federal Reserve Raises Interest Rates to 22-Year High

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https://www.wsj.com/articles/federal-reserve-raises-interest-rates-to-22-year-high-3c3e499c

 1. Economy
    
    --------------------------------------------------------------------------------

 2. U.S. Economy


FEDERAL RESERVE RAISES INTEREST RATES TO 22-YEAR HIGH


OFFICIALS HAVE SLOWED THE PACE OF INCREASES THIS YEAR BUT AREN’T SURE THEY HAVE
FULLY TACKLED INFLATION

By

Nick Timiraos


Updated July 26, 2023 5:57 pm ET

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Federal Reserve Chair Jerome Powell said on Wednesday that the central bank will
raise its benchmark interest rate by a quarter-percentage-point, bringing rates
to the highest point in 22 years. Photo: Nathan Howard/Associated Press

The Federal Reserve resumed lifting interest rates Wednesday with a
quarter-percentage-point increase that will bring them to a 22-year high. 

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