US Federal Reserve (Fed) President Jerome Powell is delivering opening remarks and speaking about the policy outlook at the central bank’s annual Jackson Hole Economic Symposium, in Wyoming.
CentralBanks
Fed hikes policy rate by 75 bps to 2.25-2.5%, as expected
The US Federal Reserve on Wednesday announced that it had lifted the policy rate, federal funds rate, by 75 bps to the range of 2.25-2.5%. This decision came in line with the market expectation.