Central bankers raised interest rates by three-quarters of a percentage point, and signaled that they expect rates to be sharply higher by the end of the year.
Tag: Federal Reserve System
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What the Fed’s Rate Hike Means for Mortgages
Rates on 30-year fixed mortgages track the yield on 10-year Treasury bonds, which are influenced by inflation and the Fed’s actions, among other things.
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The Fed Should Make Amends for Its Mistakes
A 75-basis-point increase, along with the will to tackle inflation aggressively, would shore up the bank’s shaky credibility.
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Markets Recoup Losses as Central Banks Meet
Investors appeared mostly unsurprised by the Federal Reserve’s announcement of a large rate increase, with the S&P 500 closing up 1.4 percent.