Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation — but risking a sharp blow to the economy.
Fed Raises Rates
Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens
Gold Silver Reports (GSR) – Fed Raises Rates, Steepens Path of Hikes as Outlook Strengthens — Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.