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U.S. Fed lifts rates by 50 basis points

by December 14, 2022
by December 14, 2022 0 comment
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The U.S. Federal Reserve just delivered its well-telegraphed 50 basis points increase in interest rates – a day after the consumer prices were reported to have eased further to 7.1% in November.

S&P 500 is maintaining its intraday gain following the announcement that pushed the key rate up to 4.25% to 4.50% – a range last seen about 15 years ago.

This is a developing story. Come back in a few minutes for more updates!

The post U.S. Fed lifts rates by 50 basis points appeared first on Invezz.

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