Fed Raises Rates by 50 Basis Points as Expected

The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. The decision today followed comments from Fed Chair Powell in late April, saying with regards to interest rate hikes that “it is appropriate in my view to be moving a little more quickly.” The comments came as the US is struggling with the highest inflation since the early 1980s....Read More: Fed Raises Rates by 50 Basis Points as Expected