Interest rates
The Federal Reserve, the nation's central bank, raised two short-term interest rates by half a percentage point today, marking the sharpest increase in more than five years. This move is aimed at braking the nation's economic expansion before it feeds inflation and to protect the value
Interest rates
The Federal Reserve's decision to increase interest rates by a half point has sparked a chain reaction in the banking and housing industries. Several major banks have raised their prime lending rates, which are used to set credit card rates, and consumer lending rates are expected to rise
United States. Federal Reserve Board
The U.S. Federal Reserve Board's decision to raise short-term interest rates by a quarter of a percentage point has sent North American investors into a panic, with the Dow Jones industrial average plummeting 41.05 points and the Toronto Stock Exchange 300 composite index falling 71.89
United States. Federal Reserve Board
In a surprise move, the Federal Reserve raised short-term interest rates for the third time this year, increasing the Federal funds rate to 3.75 percent from 3.5 percent. This decision, announced by Fed Chairman Alan Greenspan, aims to curb inflation and keep the economy growing at a moderate
Interest rates
The Federal Reserve's decision to raise interest rates, announced amidst a backdrop of heightened global market activity, marks a significant departure from the central bank's traditional approach to monetary policy. Historically, the Fed has preferred to operate behind the scenes, hinting at policy decisions through subtle
United States. Federal Reserve Board
In a move that aims to curb inflationary pressures, the Federal Reserve voted to increase short-term interest rates, a decision that resulted in a steep decline in long-term interest rates. This unusual announcement made by the central bank today for the second time in less than seven weeks signifies its
Interest rates
A sudden meeting between US President Bill Clinton and Federal Reserve Chairman Alan Greenspan has heightened speculation that the US central bank will raise short-term interest rates when it meets tomorrow. The meeting, which occurred on Friday, marks a final effort by Clinton to persuade Greenspan against a rate hike,
United States. Federal Reserve Board
The US economy is experiencing a period of unprecedented growth, with malls crowded, car dealers rolling out new models, job creation strong, manufacturing reviving, and housing sales rising. However, this robust recovery has the Federal Reserve Board worried about inflation, which could undermine the economic gains. The Federal Open Market
