Wednesday, March 16, 2022

FEDERAL RESERVE approves first interest rate hike in more than three years, sees six more ahead

 FEDERAL RESERVE

Federal Reserve approves first interest rate hike in more than three years, sees six more ahead


  • The Fed approved a 0.25 percentage point rate hike, the first increase since December 2018.
  • Officials indicated an aggressive path ahead, with rate rises coming at each of the remaining six meetings in 2022.
  • Members also pared expectations for economic growth this year and sharply raised their outlook for inflation.