Federal Open Market Committee raised the interest rate 75 basis points. Find out more
We apologize, but this video has failed to load.Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.
Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity. The Committee is highly attentive to inflation risks. 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 3 to 3-1/4 percent and anticipates that ongoing increases in the target range will be appropriate.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GARRIOCH: Some storylines to watch as the much-improved Senators open campThe Ottawa Senators will take one last trip to the golf course before turning in their three\u002Dwoods for Sherwoods with the opening of training camp Wednesday at the Canadian Tire Centre.
Read more »
CHEERS AND JEERS: Jeers to health officials who continue to let problematic P.E.I. bakery open | SaltWireJeers to the environmental health branch of the P.E.I. Chief Public Health Office for the numerous chances it has given to By The River Bakery in Hunter ...
Read more »
GARRIOCH: Some storylines to watch as the much-improved Senators open campThe Ottawa Senators will take one last trip to the golf course before turning in their three\u002Dwoods for Sherwoods with the opening of training camp Wednesday at the Canadian Tire Centre.
Read more »
Music P.E.I. awards open for submissions | SaltWireCHARLOTTETOWN, P.E.I. — Music P.E.I. has opened submissions for its 2022-23 awards season, with new changes to award categories. As staff has been keeping ...
Read more »
Garrioch: Some storylines to watch as Senators open camp with an upgraded rosterThe Ottawa Senators will take one last trip to the golf course before turning in their three\u002Dwoods for Sherwoods with the opening of training camp Wednesday at the Canadian Tire Centre.
Read more »