The Fed's rate increases since March 2022 have more than doubled mortgage rates, elevated the costs of auto loans, credit card borrowing and business loans and heightened the risk of a recession.
WASHINGTON — The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers and businesses steadily more expensive.
“Inflation pressures continue to run high, and the process of getting getting inflation back down to 2% has a long way to go,” Chair Jerome Powell said at a news conference. The Fed is now also grappling with a standoff around the nation’s borrowing limit, which caps how much debt the government can issue. Congressional Republicans are demanding steep spending cuts as the price of agreeing to lift the nation’s borrowing cap.
Goldman Sachs estimates that a widespread pullback in bank lending could cut U.S. growth by 0.4 percentage point this year. That could be enough to cause a recession. In December, the Fed projected growth of just 0.5% in 2023.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Fed Statement: March vs MayMarch 22May 03, 2023 Recent indicators point to Economic activity expanded at a modest growthpace in spending and production.the first quarter. Job ga
続きを読む »
Fed playbook: Which stocks to buy or sell depending on what the Fed doesCNBC Pro screened for names screened that are the most sensitive to interest rates by looking at the 100-day correlation between each S&P 500 stock and SHY ETF.
続きを読む »
Canton man sentenced for 2022 attempted murder“We want to send a clear message that there is no room for violence of this kind in our community,' said Stark County Prosecuting Attorney Kyle L. Stone.
続きを読む »
Recapping the 2022-2023 avalanche seasonGiven all the snow Alaska saw during the season — which caused frequent unstable conditions — recreators to the backcountry have been both well prepared and lucky.
続きを読む »
Bitcoin's Market Cap Dominance Near June 2022 Highs: DataBitcoin's market capitalization dominance is surging once again, according to data from The Tie. CoinDesk senior research analyst George Kaloudis and The Tie CEO and co-founder Joshua Frank discuss as the cryptocurrency's price ended April relatively unchanged.
続きを読む »
AMC Theatres CEO Adam Aron’s Pay Jumps to $23.7M In 2022He had made $18.9 million in 2021 as the mega-exhibitor was recovering from the COVID-19 crisis and contended with changing consumer habits in the age of streaming.
続きを読む »