For the fourth time in a row, the Federal Reserve has raised interest rates by 75 basis points in efforts to quell inflation, aligning with predictions and catalyzing stock market rises. According to The Wall Street Journal, statements from Fed officials have relayed that rates will continue to rise, but likely
The Federal Reserve today announced they were raising the benchmark interest rates by another 3/4 of a percentage point. They also indicated that higher rates in the future will be forthcoming.Greg Womack, of Womack Investment Advisers located in Edmond, OK, says: “In an effort to curb inflation, the Fed has
The Markets (August 15, 2022) Rally caps were waving. In recent weeks, investors have embraced the idea that economic data will persuade the Federal Reserve to slow the pace of rate hikes. Last week’s inflation data fanned their enthusiasm. The big news was that the Consumer Price Index (CPI), which measures inflation, didn’t
The Fed raised it’s benchmark interest rate by 0.75 percentage points, the biggest increase since 1994.In a move to curtail the highest inflation rate in 40 years, the federal reserve raised the benchmark interest rate at its most aggressive hike since 1994. They also significantly cut their economic growth outlook
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