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WSJ — Economy — Interest Rates — Finance — Inflation — Monetary Policy

Federal Reserve Raises Interest Rates to 22-Year High

The Federal Reserve raises interest rates to a 22-year high, marking the 11th increase since March 2022. Officials debate whether they have fully tackled inflation.

1 min read
  • The Federal Reserve raised interest rates by a quarter-percentage-point, bringing them to a 22-year high.
  • This marks the 11th rate increase since March 2022.
  • Officials are uncertain whether they have done enough to combat inflation.
  • The Fed made minimal changes to its postmeeting statement, offering no new guidance about future policy plans.
  • The next Fed meeting is scheduled for September.
Federal Reserve Raises Interest Rates to 22-Year High
Officials have slowed the pace of increases this year but aren’t sure they have fully tackled inflation
WSJNick Timiraos

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