Fed Raises Interest Rates, Here’s How Much

Here’ how much they have raised it.

It now appears that the Federal Reserve is going to raise the raise interest rates by half a percentage point (0.5%) in next few days. This is the first major change they have made in 22 years.

According to Axios, during the most recent panel discussion, Federal Reserve Chair Jerome Powell said that it would be appropriate to “be moving a little more quickly” when it came to rate hikes. Powell further noted that the financial markets are “acting appropriately generally” as they have adjusted as they expected.

After Powell was asked if he thought March was the peak of inflation in the United States, he responded, “It may be the actual peak was in March, but we don’t know that so we’re not going to count on it.”

San Francisco Fed President Mary Daly recently said, “I see an expeditious march to neutral by the end of the year as a prudent path. Moving purposefully to a more neutral stance that does not stimulate the economy is the top priority.”