BREAKING NEWS

05.July 2022

US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

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The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end.

What do you think about the Fed increasing the benchmark rate by 75 bps on Wednesday? Let us know what you think about this subject in the comments section below.

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