Jul 26, 2023 · The US Federal Reserve raised interest rates to a 22-year high on Wednesday as it continued its fight against rising inflation. The decision to increase rates by a quarter-percentage point to a ... USA TODAY 0:00 0:00 WASHINGTON – The Federal Reserve held its key interest rate steady Wednesday but left the door open to another hike, possibly as soon …It would mark the eighth increase since March of 2022. The Federal Reserve begins a two-day meeting today. The Board of Governors has signaled they plan another interest rate hike, the eighth in ...Aug 13, 2023 · Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised ... The new figure is close to the European Central Bank’s inflation target of 2% following a rapid series of interest rate hikes dating to summer 2022. But the tradeoff is …The Federal Reserve said it was lifting its benchmark interest rate by half a percentage point, to a range of 0.75% to 1% after a smaller rise in March. With US inflation at a 40-year high ...As of Thursday afternoon, traders had gone back to expecting a 0.25 percentage point rate increase, pricing in an 80.5% chance of a move that would take the federal funds rate to a range of 4.75% ...Nov 4, 2022 · The Federal Reserve hiked interest rates for the sixth time this year on Wednesday. The 75 basis point (0.75%) rate hike is the fourth consecutive hike of its size. Though inflation remains at a ... Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised ...The future-year readings, though, do imply the Fed will start cutting rates – by a full percentage point in 2024, if this year's outlook holds. The long-run expectation for the fed funds rate ...Finance & Tax. The good news in today’s lousy inflation report If the Fed keeps raising rates, it will slow spending and hurt consumers, who will face sky-high interest rates on credit card debt ...When Fed rates go up, so do credit card rates. So it’s not surprising that card rates in the past year have been trending at around 20-year highs. As of July 19, the average credit card interest ...The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase.Oddly enough, Experian noted that the average interest rate for a new vehicle decreased from 4.15% in the first quarter last year to 4.07% in the first quarter in 2022. The total car loan amount ...On Wednesday, central bank officials approved a half-percentage-point interest rate increase, lifting the federal-funds rate to a target range between 0.75% and 1%. Read Full Article May 5, 2022 ...Inflation is indeed coming down — from a peak annual rate of more than 9% last June to 4% in May. But that is still higher than the Federal Reserve's 2% target. So even as the central bank looks ...The Federal Reserve lifted its core interest rate by 0.5 percent on Wednesday — its second hike in two months and the largest increase since 2000 — as the central bank works to fight inflation ...The Fed opted to maintain its benchmark federal funds rate at a range of between 5.25% and 5.5% following a two-day policy meeting. Powell stressed that it remained “strongly committed” to ...The quarter-of-a-percentage-point rate increase approved by the Fed earlier this month was the tenth in a row since March of 2022, and raised the benchmark policy rate to the 5.00%-5.25% range ...Fed officials said Wednesday they would raise their benchmark federal-funds rate by a quarter percentage point to a range between 0.25% and 0.5% from near zero, and most of them projected pushing ...1:53. Bitcoin hit $40,000 for the first time since May 2022 as the largest digital asset extended this year’s rebound on expectations of interest-rate reductions and …Aug 13, 2023 · Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised ... Federal Reserve Raises Interest Rates By 0.75 Percentage Point; Dow, S&P 500 Finish Higher: Fed Meeting Today Live Full coverage of the Federal Reserve's July meeting and markets. Last...But Fed chair Jerome Powell suggested that the central bank could slow the pace and size of future rate hikes if the economy cools. The Dow gained more than 435 points, or 1.4%, Wednesday. The S&P ...Updated 4:31 PM PST, July 26, 2023. WASHINGTON (AP) — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months as part of its ongoing drive to curb inflation. But it provided little guidance about when — or whether — it might hike rates again. Wednesday’s move raised the Fed’s benchmark short-term rate ...The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years.The Fed held its key lending rate steady at a 22-year high in September as the central bank aims to assess more economic data to understand how the US economy is responding to previous rate hikes.The Federal Reserve hiked the interest rate by 0.75 percent July 27, 2022 — the second time in less than two months. ... The European Central Bank announced …Jul 26, 2023 ... The Federal Reserve hiked interest rates to between 5.25% and 5.5% -- the highest benchmark rate since 2001 and the 11th advance over the ...Mar 22, 2023 · Fed officials predict the 3.6% unemployment rate will rise to 4.5% by the end of the year, a bit below the 4.6% they previously forecast. But the Fed's preferred measure of annual inflation is now ... The nation's peak welfare body says the latest interest rate hike could push those already struggling on low incomes to the brink. In a decision that caught some by surprise, the Reserve Bank has ...The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. The quarter percentage point increase will ...The Federal Reserve raised interest rates by three ... economists and investors had expected the Fed to raise its benchmark interest rate by half a point, the second such move in the last 22 years ...The Federal Reserve lifted its core interest rate by 0.5 percent on Wednesday — its second hike in two months and the largest increase since 2000 — as the central bank works to fight inflation ...The Fed is expected to introduce a 0.25% interest rate hike today, bringing the target up to 4.75%; ... The last announcement in December saw the Fed opt for a half-point increase, marking the ...Jul 26, 2023 · The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. The quarter percentage point increase will ... Mar 22, 2023 · Fed officials predict the 3.6% unemployment rate will rise to 4.5% by the end of the year, a bit below the 4.6% they previously forecast. But the Fed's preferred measure of annual inflation is now ... May 3, 2023 ... ... TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver ...In today’s competitive lending market, finding ways to lower your interest rates can make a significant difference in saving money. One effective method is by utilizing offer codes provided by lenders like Upstart.Powell said at a congressional hearing earlier this month that he supports raising the federal funds rate by 0.25%. Interest rates have been near 0% for about two years since the central bank cut ...Feb 22, 2023 · Consequently, the Fed approved a 0.25 percentage point rate increase that was the smallest hike since the first of this tightening cycle in March 2022. The move brought the fed funds rate to a ... The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years.Jul 27, 2023 · When Fed rates go up, so do credit card rates. So it’s not surprising that card rates in the past year have been trending at around 20-year highs. As of July 19, the average credit card interest ... Chairman Jerome H. Powell announced the Federal Reserve will raise interest rates by 0.25 percent on May 3. ... The Federal Reserve on Wednesday raised interest rates for the 10th time in just ...In today’s financial landscape, finding a bank that offers competitive interest rates is crucial for individuals and businesses alike. One institution that has gained significant attention in recent years is Marcus GS Bank.The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.Gardening enthusiasts have long known the benefits of elevated garden beds, which offer improved drainage, better soil quality, and easier access. However, choosing the right soil for your raised bed can be a daunting task.The Federal Reserve lifted its core interest rate by 0.5 percent on Wednesday — its second hike in two months and the largest increase since 2000 — as the central bank works to fight inflation ...Jul 26, 2023 ... The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill ...The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the U.S ...James Martin/CNET. The Federal Reserve issued its 10th consecutive rate hike since March 2022, pushing the federal funds rate to a target range between 5% and 5.25%, the highest level since 2007 ...Battling inflation that remains at four-decade highs, the Federal Reserve said Wednesday it hiked its key interest rate by another 0.75%. "Inflation remains elevated, reflecting supply and demand ...00:00. WASHINGTON, March 7 (Reuters) - The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if ...The Federal Reserve hiked interest rates for the sixth time this year on Wednesday. The 75 basis point (0.75%) rate hike is the fourth consecutive hike of its size. Though inflation remains at a ...The Federal Reserve has not made a firm decision on whether it will stop raising interest rates, Chairman Jerome Powell said. “A decision on a pause was not made today,” the central bank chief ...The Federal Reserve is widely expected to deliver another interest rate hike on Wednesday, resuming its campaign to jack up borrowing costs and crush inflation after a brief pause in June. The ...The quarter-of-a-percentage-point rate increase approved by the Fed earlier this month was the tenth in a row since March of 2022, and raised the benchmark policy rate to the 5.00%-5.25% range ...The Fed has raised its key interest rate to a range of 5.25% to 5.5% -- a 22-year high -- and many economists believe it will now hold rates steady, but others say officials could agree to another ...Fed raises rates after a pause and leaves door open to more. Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle ...The Federal Reserve lifted its core interest rate by 0.5 percent on Wednesday — its second hike in two months and the largest increase since 2000 — as the central bank works to fight inflation ...By raising rates, the Fed makes it costlier to take out a loan, ... Today's rate of 7.08% brings the monthly payment to $2,012. ... the interest rate on federal student loans taken out for the ...The Federal Reserve raised interest rates Wednesday for the first time since 2018, kick-starting its efforts to tackle the country's highest inflation in four decades. The central bank raised its ...The Fed is overwhelmingly expected to raise its key federal funds rate later this month after it paused in June after 10 straight rate hikes. Officials voted to hold rates steady at a range of 5-5 ...The Federal Reserve lifted its core interest rate by 0.5 percent on Wednesday — its second hike in two months and the largest increase since 2000 — as the central bank works to fight inflation ...Traders assigned an 85% probability of a 0.25 percentage point interest rate increase when the Federal Open Market Committee meets March 21-22 in Washington, D.C., according to a CME Group estimate.Nov 1, 2023 · The Fed kept interest rates steady on Wednesday for a second consecutive meeting but will continue to monitor the economy. Fed Chair Jerome Powell (pictured) left the door open for another... For the Fed, though, interest rates are the main tool for combating inflation and getting the economy on a more sustainable path. The Fed’s benchmark rate, known as the federal funds rate, falls ...The Federal Reserve has raised interest rates to their highest level in 22 years in an aggressive bid to curb inflation, and there’s a chance that more rate increases may still be on tap if the ...Sep 19, 2023 · The Federal Reserve is expected to hold its benchmark lending rate steady this week as it waits for more data to understand how previous rate hikes are affecting the US economy. The central bank ... The quarter-of-a-percentage-point rate increase approved by the Fed earlier this month was the tenth in a row since March of 2022, and raised the benchmark policy rate to the 5.00%-5.25% range ...Nov. 28, 2023. Federal Reserve officials appear to be dialing back the chances of future interest rate increases, after months in which they have carefully kept the possibility of further policy ...The Federal Reserve is expected to raise interest rates by a half percentage point Wednesday yet signal it will continue its battle against inflation. Economists expect Fed Chair Jerome Powell to ...Fed raises interest rates by 0.75 points to fight inflation. The central bank signals it will keep pushing to slow the economy until prices come down. It was the fifth increase this year and the ...By. Caitlin Ostroff. and. Gunjan Banerji. U.S. stocks climbed Wednesday after the Federal Reserve officially said it would raise interest rates for the first time since 2018. The S&P 500 was up 1. ...December 14, 2022 at 2:00 PM · 3 min read. The Federal Reserve raised short-term interest rates Wednesday by 0.50%, bringing benchmark interest rates to the highest level since 2007 while ...The decision to raise rates by 0.50% marked the most aggressive increase made in a single meeting since May 2000. Over the last two decades, the Fed has opted to raise interest rates only in ...Jul 27, 2022 · The Federal Reserve announced its fourth interest rate increase of 2022 on Wednesday as it races to tamp down rapid inflation. The moves have a lot of people wondering why rate increases — which ... Jul 26, 2023 · The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. The quarter percentage point increase will ... When Fed rates go up, so do credit card rates. So it’s not surprising that card rates in the past year have been trending at around 20-year highs. As of July 19, the average credit card interest ...Jul 26, 2023 ... The Federal Reserve hiked interest rates to between 5.25% and 5.5% -- the highest benchmark rate since 2001 and the 11th advance over the ...The Federal Reserve hiked the interest rate by 0.75 percent July 27, 2022 — the second time in less than two months. ... The European Central Bank announced …The future-year readings, though, do imply the Fed will start cutting rates – by a full percentage point in 2024, if this year's outlook holds. The long-run expectation for the fed funds rate ...Robust economic growth could undermine the Fed's fight against inflation and warrant more rate increases, chair Jerome Powell said in a speech Thursday, while also acknowledging a surge in long-term interest rates that could slow activity. Why it matters: The Fed may well be done with interest rate hikes, but is keeping its options on the table ...Did the fed raise interest rate today, where to buy options, high investment yield
Nov 2, 2022 · Battling inflation that remains at four-decade highs, the Federal Reserve said Wednesday it hiked its key interest rate by another 0.75%. "Inflation remains elevated, reflecting supply and demand ... . Did the fed raise interest rate today
1964 5 cents valueThe Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.Will the Fed raise rates in September? At the July meeting, the Fed decided to raise its benchmark rate for the 11th time in 17 months in its ongoing drive to curb inflation.The Federal Reserve is seen delivering another large interest-rate hike in three weeks' time and ultimately lifting rates to 4.75%-5% by early next year, if not further, after a government report ...In today’s competitive lending market, finding ways to lower your interest rates can make a significant difference in saving money. One effective method is by utilizing offer codes provided by lenders like Upstart.Jul 26, 2023 ... The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill ...Federal Reserve leaves rates on hold. 01:19 - Source: CNN. New York CNN —. The Federal Reserve is at a crucial fork in the road after leaving interest rates unchanged at its June meeting for the ...But Fed officials also signaled that they expect to raise rates once more this year. Watch the announcement in the player above. Consumer inflation has dropped from a year-over-year peak of 9.1 ...Traders assigned an 85% probability of a 0.25 percentage point interest rate increase when the Federal Open Market Committee meets March 21-22 in Washington, D.C., according to a CME Group estimate.A new policy statement and interest rate decision will be released at 2 p.m. EDT (1800 GMT) on Wednesday, with Fed Chair Jerome Powell scheduled to hold a press conference at 2:30 p.m. to ...Feb 22, 2023 · Consequently, the Fed approved a 0.25 percentage point rate increase that was the smallest hike since the first of this tightening cycle in March 2022. The move brought the fed funds rate to a ... The Federal Reserve is leaving interest rates unchanged, following its Oct. 31 - Nov. 1 meeting, with the fed funds rate staying at 5.25 to 5.5 percent.May 3, 2023 ... The increase lifted the Fed's benchmark federal funds rate to a target range of 5% to 5.25%, the highest level since 2007.Federal Reserve rate hike history 2022. Here's when the Federal Reserve hiked its short-term interest rate this year, and the amount by which it raised that rate. March 17: 0.25 percentage point ...Mar 22, 2023 · Meanwhile, consumer prices continue to climb at a rapid rate.Annual inflation in February was 6% — down from 9.1% last June, but still well above the Fed's target of 2%. The central bank is ... The Federal Reserve raised interest rates Wednesday for the first time since 2018, kick-starting its efforts to tackle the country's highest inflation in four decades. The central bank raised its ...Jul 27, 2023 · Updated 4:31 PM PST, July 26, 2023. WASHINGTON (AP) — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months as part of its ongoing drive to curb inflation. But it provided little guidance about when — or whether — it might hike rates again. Wednesday’s move raised the Fed’s benchmark short-term rate ... Update: Jul 6th, 2023 11:26 EDT. 0. Kevin LamarqueREUTERS. The Federal Reserve skipped raising interest rates in June, but now it appears that there will be another hike later this month. There ...The quarter-of-a-percentage-point rate increase approved by the Fed earlier this month was the tenth in a row since March of 2022, and raised the benchmark policy rate to the 5.00%-5.25% range ...The average rate for a 30-year, fixed-rate mortgage currently sits at 6.66%, up from 4.40% when the Fed started raising rates last March. A "For Sale" sign outside of a home in Atlanta, Georgia ...In July, interest rates were at 5.25% to 5.5% after the most aggressive tightening of policy since Paul Volcker, the Fed chair, sent the US economy into deep recession four decades ago.The nation's peak welfare body says the latest interest rate hike could push those already struggling on low incomes to the brink. In a decision that caught some by surprise, the Reserve Bank has ...The first hike will raise its federal funds rate to a range between 0.25% and 0.5%. The target rate had previously been at near-zero levels. Investors are also paying close attention to the ...In today’s financial landscape, finding a bank that offers competitive interest rates is crucial for individuals and businesses alike. One institution that has gained significant attention in recent years is Marcus GS Bank.The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also faces the tough task of reassuring markets it can stem a worse banking crisis. Economists mostly ...Sep 21, 2023 · The Federal Reserve announced a pause on interest rate hikes during its September meeting on Wednesday. That means the federal funds rate remains at a 22-year high of 5.25% to 5.5%. And as ... Fed raises rates after a pause and leaves door open to more. Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle ...The Federal Reserve will keep raising interest rates, according to minutes from the latest policy committee meeting (January 31-February 1, 2023). They did not state a final interest rate target ...Updated on. August 25, 2023 at 8:52 AM PDT. Listen. 5:23. Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep ...Dec 14, 2022 · The Federal Open Market Committee voted to boost the overnight borrowing rate half a percentage point, taking it to a targeted range between 4.25% and 4.5%. Along with the increase came an ... Jul 27, 2022 · The Fed’s actions will increase the rate that banks charge each other for overnight borrowing to a range of between 2.25% to 2.50%, the highest since December 2018. Federal Reserve raises interest rate by 0.50 percentage point to curb inflation and predicts a higher peak Paul Davidson Medora Lee Elisabeth Buchwald USA TODAY 0:00 1:46 WASHINGTON – The...May 3, 2023 · Chairman Jerome H. Powell announced the Federal Reserve will raise interest rates by 0.25 percent on May 3. ... The Federal Reserve on Wednesday raised interest rates for the 10th time in just ... And the 3.7% unemployment rate is forecast to rise to 4.1% by the end of the year, below the 4.5% previously forecast. After lifting rates at 10 straight meetings since March 2022 – by a total 5 ...The Federal Reserve is seen delivering another large interest-rate hike in three weeks' time and ultimately lifting rates to 4.75%-5% by early next year, if not further, after a government report ...The Fed’s latest move brings the federal funds rate to a range of 4.5% to 4.75%, up from near zero in March, in its boldest flurry of rate increases since the early 1980s. Powell said the Fed ...Consequently, the Fed approved a 0.25 percentage point rate increase that was the smallest hike since the first of this tightening cycle in March 2022. The move brought the fed funds rate to a ...The Fed is now targeting interest rates in a range between 0.75% and 1.00%, with some Fed officials advocating for raising the target closer to 2.5% by the end of the year.The rate-making Federal Open Market Committee hiked the benchmark interest rate by 0.75 percentage points at the end of a two-day meeting. The latest increase moved the Fed’s target range to ...In today’s financial landscape, finding a bank that offers competitive interest rates is crucial for individuals and businesses alike. One institution that has gained significant attention in recent years is Marcus GS Bank.The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.Oct 19, 2023 · Fed Chair Jerome Powell hinted the Fed could keep its key interest rate unchanged at a meeting next month. He cited rising 10-year Treasury yields. How I bonds perform Check current rates Best CD ... Jun 14, 2023 ... As widely expected, the Federal Reserve kept its policy rate unchanged at 5.0%-5.25% on Wednesday, breaking a streak of 10 straight rate ...The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point Wednesday and then signal that it could reduce the size of its rate hikes starting as soon as ...Fed holds off on rate hike, but says two more are coming later this year. WASHINGTON -- The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate ...By Rob Wile The Federal Reserve is accelerating key interest rate hikes in light of record-high inflation. On Wednesday, the central bank announced a rate increase …The Fed’s quarterly economic projections, released alongside the rate decision, showed that officials expected inflation to be 4.3 percent by the end of 2022. While that is less than the 6.1 ...11 hours ago ... Federal Reserve interest rate levels from 1954 to 2024 ... The Fed voted during meetings in both September and November to hold interest rates ...As of Thursday afternoon, traders had gone back to expecting a 0.25 percentage point rate increase, pricing in an 80.5% chance of a move that would take the federal funds rate to a range of 4.75% ...Fed holds off on rate hike, but says two more are coming later this year. WASHINGTON -- The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate ...Sep 20, 2023 ... The projections, known as the dot plot, also signalled support for the funds rate to peak between 5.5-5.75 per cent – translating to one more ...Jul 26, 2023 · The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years. Federal Reserve leaves rates on hold. 01:19 - Source: CNN. New York CNN —. The Federal Reserve is at a crucial fork in the road after leaving interest rates unchanged at its June meeting for the ...Jul 26, 2023 ... The Federal Reserve is expected to raise interest rates again Wednesday afternoon after pausing in June. CBS News business analyst Jill ...Jul 26, 2023 · It's the 11th rate increase since the Fed began its inflation fight in March 2022, bringing the lending rate to a range of 5.25-5.5%, and comes just one month after the central bank hit pause in ... Low-interest rates have made things very difficult for savers over the last decade since the economic crash of 2008. Banks paid very low rates on savings due to an environment in which the benchmark rates were around zero for most of the ti...It puts the federal funds rate – which is what banks charge one another for overnight loans – at a range of 2.25% to 2.5%, close to the Fed’s 2.5% long-run, or neutral rate. That’s the ...Updated on. August 25, 2023 at 8:52 AM PDT. Listen. 5:23. Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep ...Sep 21, 2023 · The Federal Reserve announced a pause on interest rate hikes during its September meeting on Wednesday. That means the federal funds rate remains at a 22-year high of 5.25% to 5.5%. And as ... The Federal Reserve raised interest rates Wednesday for the first time since 2018, kick-starting its efforts to tackle the country's highest inflation in four decades. The central bank raised its ...Peak of the decade: 19-20 percent. Low of the decade: 6 percent. Rates began drifting downward sharply, falling first to a target range of 13-14 percent on Nov. 2, 1982, then down to 11.5-12 ...As of Thursday afternoon, traders had gone back to expecting a 0.25 percentage point rate increase, pricing in an 80.5% chance of a move that would take the federal funds rate to a range of 4.75% ...The Federal Reserve has raised interest rates to their highest level in 22 years in an aggressive bid to curb inflation, and there’s a chance that more rate increases may still be on tap if the ...Sep 20, 2023 · USA TODAY. 0:00. 1:20. WASHINGTON – The Federal Reserve held its key interest rate steady Wednesday but signaled another hike is likely this year amid still elevated inflation and a sturdy ... The Federal Reserve is widely expected to deliver another interest rate hike on Wednesday, resuming its campaign to jack up borrowing costs and crush inflation after a brief pause in June. The ...WASHINGTON – The Federal Reserve held its key interest rate steady Wednesday but signaled another hike is likely this year amid still elevated inflation and a …The Fed’s actions will increase the rate that banks charge each other for overnight borrowing to a range of between 2.25% to 2.50%, the highest since December 2018. Over the last three decades .... Qdsix, btcx