Fed raises interest rates by 0.75 points to fight inflation
https://www.washingtonpost.com/business/2022/09/21/fed-rate-hike-inflation/
https://www.washingtonpost.com/business/2022/09/21/fed-rate-hike-inflation/
Bad News from the Fed? We’ve Been Here Before.
https://www.nytimes.com/2022/09/22/business/fed-rate-inflation-volcker.html
Fed rate increases are causing pain now. But an inside look at the Volcker era shows that conditions were far worse when the Fed tried different tacks to tame inflation.
https://www.nytimes.com/2022/09/22/business/fed-rate-inflation-volcker.html
Fed rate increases are causing pain now. But an inside look at the Volcker era shows that conditions were far worse when the Fed tried different tacks to tame inflation.
How interest rate hikes ripple throughout the
economy
https://www.vox.com/policy-and-politics/23354658/federal-reserve-interest-rate-increase
https://www.vox.com/policy-and-politics/23354658/federal-reserve-interest-rate-increase
Fed Rate Decision Sends U.S. Treasury Yields in Different Directions
https://www.wsj.com/articles/u-s-treasury-yields-steady-ahead-of-fed-decision-11663770829
Powell Signals Recession May Be Price to Pay for Crushing Inflation
https://www.bloomberg.com/news/articles/2022-09-21/powell-signals-recession-may-be-the-price-for-crushing-inflation
Ugly Politics Conjure Up Trade-Off Between Poverty Reduction and Inflation
https://www.bloomberg.com/opinion/articles/2022-09-22/divided-us-politics-conjure-up-poverty-reduction-inflation-trade-off
https://www.bloomberg.com/news/articles/2022-09-21/powell-signals-recession-may-be-the-price-for-crushing-inflation
https://www.bloomberg.com/opinion/articles/2022-09-22/divided-us-politics-conjure-up-poverty-reduction-inflation-trade-off
Middle-Income Households Feel Bigger Pinch from
Inflation
https://www.wsj.com/articles/middle-income-households-feel-bigger-pinch-from-inflation-report-finds-11663884695
https://www.wsj.com/articles/middle-income-households-feel-bigger-pinch-from-inflation-report-finds-11663884695
https://www.federalreserve.gov/newsevents/pressreleases/monetary20220921a.htm
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. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in May. The Committee is strongly committed to returning inflation to its 2 percent objective.
