AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
May 03 2023
News
Federal Reserve to decide today on 10th interest rate hike
Poised to raise interest rates Wednesday for a 10th time, Federal Reserve officials are facing two competing economic trends that could make their future rate decisions more difficult and treacherous. On the one hand, turmoil in the banking sector and political battles over the government’s borrowing limit could weaken the economy if banks restrict lending and financial markets tumble on fears
The Dallas Morning News
May 03 2023
News
Fed expected to raise key interest rate amid banking turmoil
WASHINGTON (AP) — Poised to raise interest rates Wednesday for a 10th time, Federal Reserve officials are facing two competing economic trends that could make their future rate decisions more difficult and treacherous. On the one hand, turmoil in the banking sector and political battles over the government’s borrowing limit could weaken the economy if banks restrict lending and financial
Boston Herald
May 03 2023
News
Fed raises interest rates a quarter point, hints at pause in inflation fight
The on Wednesday raised its benchmark interest rate by a quarter of a point, but opened the door to a long-awaited pause in the most aggressive tightening campaign since the 1980s. The unanimous decision puts the key benchmark federal funds rate at a range of 5% to 5.25%, the highest since August 2007, from near zero a little more than one year ago. It marks the 10th consecutive rate increase
Fox Business
May 03 2023
News
Federal Reserve confronts 'contradictory' economy as it considers next interest rate hike
It would all seem to spell an economic downturn. Indeed, many consumers would agree that between inflation and tighter credit conditions — and with no more pandemic financial assistance in sight — this is the worst they’ve felt about their finances since Covid-19 swooped in and upended everything. Yet, as the Federal Reserve gets ready to make its latest announcement Wednesday afternoon about
NBC News (Online)
Apr 19 2023
News
Mortgage demand from homebuyers drops 10% as interest rates jump
Today’s homebuyers appear to be increasingly sensitive to weekly moves in mortgage rates. While home prices are easing some, affordability is still a major hurdle, especially as more first-time buyers enter the market.
Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.43% from 6.30% the previous
CNBC
May 04 2023
News
Fed Unanimously Decides To Raise Interest Rates For Tenth Time, But Hints Tightening Is Ending
• 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,
Forbes
May 03 2023
News
Federal Reserve Raises Interest Rates 25 Basis Points Amid Banking Crisis
The Federal Reserve on Wednesday raised interest rates another 25 basis points – or 0.25% – amid the banking crisis. “Inflation pressures continue to run high,” Fed Chair Jerome Powell said. “The process of getting inflation back down to 2% has a long way to go.” The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%. In
The Gateway Pundit
May 03 2023
News
Fed Raises Interest Rates by a Quarter Point to Fight Inflation - The Florida Capital Star
The Federal Reserve Bank on Wednesday raised interest rates a quarter of a point again in an effort to cool inflation. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 5 to 5-1/4 percent,” the Fed said in an announcement about
The Florida Capital Star
May 03 2023
News
Federal Reserve Raises Interest Rates by 25 Basis Points, Opens Door to Pause
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington on March 22, 2023. (Olivier Douliery/AFP via Getty Images) The Federal Reserve raised interest rates by 25 basis points, lifting the benchmark federal funds rate to a range of 5.00 and 5.25 percent, the highest level since September 2007. The vote to raise rates by a quarter point was
The Epoch Times