The central bank increased rates by 0.75 percentage points, to range between 1.5% and 1.75%. Although this is a big one time jump, the overall rate is still low comparative to historic…
Tag: Fed
Rate hikes: What will the Fed and Bank of England do?
The Federal Reserve is widely expected to hike interest rates by 75 basis points later today as the US central bank takes action against soaring inflation. Investors are betting that a higher-than-expected…