Fed Unanimously Decides To Raise Interest Rates For Tenth Time, But Hints Tightening Is Ending

Posted on AllSides May 4th, 2023
From The Center

• The Federal Reserve increased interest rates by 0.25% as anticipated • The decision comes amid a turbulent week for the banking sector, the debt-ceiling crisis gaining speed in government and growing recession fears • Stock markets were down, Treasury yields fell and Bitcoin was up at the news It was a better-than-expected Fed meeting result yesterday - and it’s not every day you hear that, especially in the current economic climate. The Fed raised interest rates by a quarter percentage point as expected, but it left the door open...

Read full storyCheck for Bias
Some content from this outlet may be limited or behind a paywall.

Forbes

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
You agree.
Thank you! Community votes alone don't determine our ratings, but are valuable feedback and can prompt us to do more research.
130762/96810
See full bias rating for Forbes
Learn about media bias

AllSides Picks

https://forbes.com/sites/qai/2023/05/04/fed-unanimously-decides-to-raise-interest-rates-for-tenth-time-but-hints-tightening-is-ending

More News about Banking and Finance from the Left, Center and Right

[]