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...

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