📈 The Cheap Money Era Is Over
Published by OOPSONLINE.IN · Source: Moneycontrol · 1 min read · · Updated
😳 OOPS SAYS
And just like that, our dreams of affordable borrowing are placed back on the top shelf where we can't reach them. Thanks for the reality check, Kevin.
What actually happened
US Federal Reserve Chairman Kevin Warsh has overseen the Fed’s first interest-rate hike in three years, with the central bank raising its benchmark federal-funds rate by 25 basis points to 3.75%-4%. The decision marks a reversal after last year’s rate cuts as policymakers confront persistent inflation, higher energy prices linked to the Iran war and a surge in investment driven by the artificial-intelligence boom. Most Fed officials also projected another rate increase this year, underscoring continued uncertainty over the US inflation outlook and the Federal Reserve’s monetary-policy path.
Key points
- US Federal Reserve Chairman Kevin Warsh has overseen the Fed’s first interest-rate hike in three years, with the central bank raising its benchmark federal-funds rate by 25 basis points to 3.
- The decision marks a reversal after last year’s rate cuts as policymakers confront persistent inflation, higher energy prices linked to the Iran war and a surge in investment driven by the artificial-intelligence boom.
- Most Fed officials also projected another rate increase this year, underscoring continued uncertainty over the US inflation outlook and the Federal Reserve’s monetary-policy path.
Summary based on data provided by Moneycontrol. Full article available at the original publisher.
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