US Federal Reserve

The Federal Reserve raised, today, May 4, interest rates by 50 basis points (bps), the biggest hike in interest rates in two decades.

 

Policy rates were hiked to range between 0.75% and 1%.
 
In its policy-setting Federal Open Market Committee, the US Central bank added that It will begin reducing asset holdings on its $9 trillion balance sheet starting from June. 

 

The plan will see will see $30 billion of Treasurys and $17.5 billion on mortgage-backed securities roll off. After three months, the cap for Treasurys will increase to $60 billion and $35 billion for mortgages.

 

Fed Chairman Jerome Powell is set to hold a news conference later today to comment on the monetary policy decision.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request