May 08 23

Tenth hike in a row: Fed raises interest rates by 0.25 percentage points:

The key interest rate is now already at 5.0 to 5.25 percent. Now, however ...

diepresse.com/6283439/zehnte-anhebung-in-folge-fed-erhoeht-leitzins-um-025-prozentpunkte

Tenth hike in a row: Fed raises interest rates by 0.25 percentage points

Fed Raises Rates Amid Banking Sector Turmoil

The US benchmark rate reached 5.0–5.25%, the highest since 2007, after ten consecutive hikes aimed at curbing inflation.

Key FactsMay 8, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: diepresse.com

The Federal Reserve increased its benchmark interest rate by 0.25 percentage points to a range of 5.0 to 5.25 percent, marking the tenth straight hike.

This rise came despite recent bank failures, including the collapse of First Republic Bank, with a potential pause in hikes expected soon.

The Fed faces the difficult task of reducing inflation without further unsettling the fragile banking sector.

Although inflation eased to 5.0% year-over-year in March, it remains significantly above the Fed’s 2% target.

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Main Topics

Federal Reserve

#federal-reserve

central banking system of the United States

Chair of the Federal Reserve

#chair-of-the-federal-reserve

American government office

Inflation

#inflation

rise in price level in an economy over time

Jerome Powell

#jerome-powell

president of the FED

Economy of the United States

#economy-of-the-united-states

national economy of the United States

News on this topic

Die Presse

Credibility B

May 08 23

Tenth hike in a row: Fed raises interest rates by 0.25 percentage points: The key interest rate is now already at 5.0 to 5.25 percent. Now, however ...

diepresse.com/6283439/zehnte-anhebung-in-folge-fed-erhoeht-leitzins-um-025-prozentpunkte

Reuters

May 07 23

WATCH: The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, with Chair Jerome Powell saying that the Fed still viewed ... Show more

Fed raises rates, opens door to pause in tightening cycle: The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase on ...

reuters.com/markets/us/fed-likely-hike-rates-hint-pause-tightening-cycle-2023-05-03/

Money

May 09 23

The Fed Raises Rates Again — But Is This the Last Time?: Interest rates just got even higher, but the end of rate hikes — which have become routine for the past ...

money.com/fed-raises-rates-last-time/