top of page
  • Writer's picturejustinlawrence137

FOMC Meeting Results- Fed Raises Rate by a Quarter-Point

The Federal Reserve’s policy committee lifted interest rates by a quarter of a percentage point today, the 10th hike of this current cycle.

The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point Wednesday, in what markets have been betting will be the last increase of this series.

A statement from officials explaining the move and detailing the bank’s views of the economy indicates the Fed believes it can move ahead in its fight against inflation despite concerns about the banking system.

Officials called the U.S. banking system “sound and resilient” in their statement on Wednesday. They noted that it was too early to quantify the extent of the impact banks potentially pulling back on lending would have on the economy and inflation.

The move leaves the bank’s target for the fed-funds rate at 5.0% to 5.25%, a level not seen since the Fed cut rates in the autumn of 2007.

The statement suggests that this may be the last increase of the current series. It no longer includes the phrase “the Committee anticipates that some additional policy firming may be appropriate” in order to get the annual inflation rate down to the bank's 2% target.

Policy makers will study the incoming data and take into account the lag with which the tightening they have already done acts on the economy. Wednesday’s rate increase was the 10th in a little more than a year.

The statement noted that the economy continues to expand “at a modest pace” with robust gains in employment and inflation that remains elevated.

The vote to increase the fed-funds rate was unanimous. The Fed will also continue to sell its Treasury and mortgage-backed securities holdings as it works to shrink its multi-trillion dollar balance sheet.

There are only 2 ways to enter:

#1. Enroll in Learn Plan Profit and automatically earn 5,000 entries! $150 OFF Coupon"GTR" already applied, click here:

#2. Buy anything from , T-shirts, hoodies, hats, wall-art, or even a sticker will get you entered! $1 spent = 5 entries Remember it only takes 1 entry to get this Nissan GTR in your driveway or $50k in your bank account!

Make sure you connect with us on discord and turn your post notifications on to receive updates about our live streams:


Recent Posts

See All


bottom of page