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A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meet ....
a move that was expected. the current cost of borrowing now sits at five to 5.25%, the highest in 16 years. but is the fed finally done with rate hikes? the bbc s samira hussain reports from new york. inflation remains stubbornly high to try and get the cost of living back down to more normal levels. the federal reserve, america s central bank, has raised interest rates ten times in a little over a year. and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination. meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money. and inflation is starting to come down. but there have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis whe ....
But there have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis where three banks collapsed in less than two months. so far, the fed has been successful in slowing the economy and prices without plunging the country into recession. but the trickiest moment may have arrived. at some point. policymakers have to decide if they ve done enough to keep inflation falling while leaving the economy with enough monetary space to keep expanding. they didn t think they were there at this meeting, but it seems likely that they ll be there soon. now you ve heard samira there talking about the knock on effect of the fed s aggressive tightening . particularly on the banking sector. well, shares of regional banks have again come under pressure after this latest rate hike was announced. pacwest s stock in particular has dropped around 60% in extended trading amid reports that the bank is exploring options, including a potential sale. now.. prior to the fe ....