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Op-ed views and opinions expressed are solely those of the author. The Federal Reserve just announced they raised the Federal Funds rate by another 25 basis points. That is the tenth increase since March 2022. While the Fed has a goal to bring inflation down to 2%, they were somewhat unsure about raising rates further. Higher rates reduce the value of previously purchased government bonds,

The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said Monday.

The warning comes amid growing unease about the haste with which the Fed and its counterparts are raising borrowing costs to contain surging inflation. India’s central bank Friday said that

The Federal Reserve is again using its most potent weapon in trying to douse the hottest inflation in 40 years: interest rate hikes. But the central bank's move Wednesday to further raise borrowing costs means consumers and businesses are grappling with back-to-back increases of three-quarters of percentage point — a double-barrel monetary blast that could make a big impact on your finances

The Federal Reserve on Wednesday raised its benchmark interest rate by 50 basis points, slowing its campaign to cool the economy amid early signs that stubbornly high inflation is finally starting to ease.

The widely expected move puts the key benchmark federal funds rate at a range of 4.25% to 4.5%, the highest since 2007, from near-zero in March. It marks the seventh consecutive rate