WASHINGTON — The Federal Reserve left its key interest rate unchanged Sept. 20 for the second time in its past three meetings, but also signaled it expects to raise rates once more this year.September 20, 2023
Higher interest rates are expected to slow inflation and the U.S. economy during the remainder of 2023 and into 2024, before the Federal Reserve reverses course and cuts interest rates.
The Federal Reserve said July 26 it no longer foresees a recession and raised its key interest rate by a quarter-point from roughly 5.1% to 5.3% — its highest level since 2001.July 26, 2023
WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June.May 19, 2023
WASHINGTON — The Federal Reserve extended its yearlong fight against high inflation March 22 by raising its key interest rate a quarter-point.March 22, 2023
WASHINGTON — The Federal Reserve extended its fight against high inflation on Feb. 1 by raising its key interest rate by a quarter-point, its eighth hike since March.February 1, 2023
The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.December 14, 2022
The Federal Reserve pumped up its benchmark interest rate on Nov. 2 by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.November 2, 2022