The Federal Reserve raised the federal funds rate 11 times between March 2022 and July 2023.

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0 ◎ stannebraska (329) · 7 months ago · no fields yet

The Fed implemented aggressive rate increases totaling 525 basis points in 16 months, the fastest tightening cycle since the 1980s, directly targeting inflation reduction.

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cited by (1)
[+0] The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023. discuss central-banking inflation interest-rates macroeconomics monetary-policy
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[+0] Consumer credit card interest rates reached 22.8% by December 2023, up from 16.3% in January 2022. discuss
[+0] Mortgage rates increased from 3.2% in January 2022 to 7.8% by October 2023. discuss
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