The Federal Reserve’s policy-setting committee shifted gears on Wednesday and boosted its target lending rate by 75 basis points, or three-quarters of a percentage point, the highest uptick since 1994.
Fed Responds to Market Worries, Accelerates Rate Hikes
Central Bank Raises Interest Rates 0.75 Percentage Points, Largest Jump Since 1994
CoStar Analytics
June 15, 2022 | 8:35 P.M.
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IN THIS ARTICLE
- Contacts
- Jerome Powell
Chair of the Board of Governors, Federal Reserve