The U.S. Federal Reserve’s Open Market Committee did not raise rates when it met last week, leaving them at 5.25 percent for deposits and 5.5 percent for loans, both at a 22-year high.
Tag: interest rates
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INTEREST RATE HIKES HAMPER GROWTH FOR 12 YEARS, FED STUDY SAYS
Central banks’ interest rate increases slow broader economic growth for at least 12 years, according to a new study by the Federal Reserve Bank of San Francisco.
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SPOTLIGHT: THE STRUGGLE OVER INTEREST RATES
As we have greatly detailed, the rise and fall of interest rates is a guessing game since facts do not matter. Again, the facts were clear, front and center: Inflation was spiking but the Central Banksters defamed those of us who said it was real and rising and instead declared it was only “temporary” and then “transitory.”
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KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED
Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...
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ONLY IN TURKEY: INFLATION RISES, INTEREST RATES FALL
Despite inflation edging above 80 percent in August, Turkey’s central bank cut its benchmark one-week repo rate last week from 13 percent to 12. The country’s lira currency took yet another step down after the announcement, to 18.387 against the dollar. The lira has lost almost a third its value against the greenback so far...