Open Demo Account
Home / Breaking News / Breaking: Fed hikes interest rate by 75 bps as expected

Breaking: Fed hikes interest rate by 75 bps as expected

Mohamed Abdelhamid 21 September, 2022 10:01 pm Breaking News, Forex Market, Market Update

The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3-3.25%.

The Federal Reserve was widely expected to stick to the baseline market expectation and raise rates by 75 basis points and refrain from a bigger move for fear of inciting a recession.

Tags

Check Also

Oil inches higher as U.S. inventory draw offsets speculation of Russia–Ukraine peace push

Oil prices ticked up Thursday, recovering a fraction of the prior session’s slide, as a …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends