• last year
The Federal Reserve raised the federal funds rate by 0.25% to 5.25%-5.5% as widely anticipated Wednesday, pushing borrowing costs to their highest level since February 2001.

This move marks a resumption of rate hikes after a brief pause in June, bringing the cumulative increase to 5.25 percentage points since the start of the tightening cycle in March 2022.

Category

🗞
News
Transcript
00:00 (upbeat music)
00:05 (upbeat music)
00:10 (upbeat music)
00:15 (upbeat music)
00:20 (upbeat music)
00:25 (upbeat music)
00:30 (upbeat music)
00:35 (upbeat music)
00:40 (upbeat music)
00:45 (upbeat music)
00:50 (upbeat music)
00:55 (upbeat music)
01:00 (upbeat music)
01:05 (upbeat music)
01:10 (upbeat music)

Recommended

0:42
I
Up next
Investors Betting On 50 Basis Point Rate Cut: Expert Says Market Pressure Could Sway Fed's Decision
Benzinga
10:40
Are Interest Rates Going To Stay Higher For Longer Based On The CPI Data Released On Tuesday?
Benzinga
0:58
US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday's Fed Meeting
Benzinga
0:55
US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets
Benzinga
2:11
Why A 25 BPS Rate Cut Could Be Better For The Market Than A 50 BPS Rate Cut
Benzinga
0:58
Fed May Be 'Bullied' Into 50 BPS Cut In September, Says Mohamed El-Erian, As Global Markets Melt Down
Benzinga
0:45
Bank Of America Stock Is Up Over 21% For The Year: High Interest Rates Fuel Bullish Outlook, What Investors Need To Know
Benzinga
2:27
Boeing Dips In Pre-Market As Struggling Plane Maker Considers Raising $10B Through Stock Sale Amid Strike
Benzinga
0:44
Domino's Reports Mixed Q3, Scales Back Growth Expectations For 2024 As Economic Headwinds Bite
Benzinga
0:45
Nasdaq 100 Notches Record Daily Close, Boosted By Mega-Cap Giants, Fed Rate Cut Optimism
Benzinga
0:46
Jim Cramer Predicts No 'Huge Run' For Tech Stocks After Federal Reserve Cuts Rate: 'It Got Out Of The Wish Game A Very Long Time Ago'
Benzinga
1:51
Gold Reaches Six-Month High And Crosses The $2000 Milestone - Marking A 10% Increase In Value This Year
Benzinga
0:30
The Number Of Interest Rate Cuts Expected By The End Of 2024
Benzinga
5:45
Jerome Powell, The Federal Reserve, And Interest Rate Cuts: “Maybe Another 50, Maybe Not”
Benzinga
1:31
Why Is The Fed Still So Aggressive? - Jeremy Schwartz, Chief Investment Officer at WisdomTree
Benzinga
0:37
Jerome Powell Finally Concedes 'Rate Cut Could Be On The Table' In September: Stocks, Gold Rise, Dollar Falls
Benzinga
4:29
Capri Plunges 45%, Tapestry Jumps 14% after Federal Judge Blocks Merger
Benzinga
3:49
Long Term Rates Sneaking Higher Everyday, Should Companies Be Concerned?
Benzinga
3:00
Fed Rate Change Expectations By The End Of 2024
Benzinga
6:02
Deadly E. Coli Outbreak Linked To McDonald's Quarter Pounders Sends Stock Tumbling: What Investors Need To Know
Benzinga
5:11
Almost ALL Of The S&P Returns Over The Past 30 Years Has Come Overnight
Benzinga
0:51
JPMorgan, BOfA And Other US Banks Reportedly Reap $1 Trillion Windfall From Fed's High Interest Rates
Benzinga
5:20
Chinese Stocks Jump As Central Bank Unveils Major Stimulus To Spur Economy
Benzinga
4:12
No Bid For Defensives and What Are The Bond Markets Telling Us? - Cameron Dawson, CFA, Chief Investment Officer, NewEdge Wealth
Benzinga
3:33
Spirit Airlines Shares Plummet Following A Report Suggesting That The Company Is Exploring The Potential Of Filing For Bankruptcy
Benzinga