June 25, 2024 2:34 am

The premier news source for Snohomish County

Federal Reserve hikes benchmark interest raising recession fears

federal reserve

WASHINGTON, D.C., July 27, 2022 – The Federal Open Market Committee raised the target range for the federal funds rate by 3/4 percentage point, bringing the target range to 2-1/4 to 2-1/2 percent, Federal Reserve Chairman Jerome Powell announced today. As of June 2022, the federal fund effective rate is 1.52 percent. This is the […]

Join Our Mailing List

Verified by MonsterInsights