Fed hikes key rate by 25 basis points
- Seattle, Portland, San Francisco
- 2023/02/02
The Federal Reserve raises its benchmark interest rate by 0.25% on Feb 1 to a target range of 4.5%-4.75%.The hike is the 8th in a process that started in March 2022, aimed at reducing elevated inflation levels.The Fed's post-meeting statement indicates the need for “ongoing increases in the target range.”
ArchivedSign up
Already have an account? Log In
Select Your Area
Are you a real estate agent?
Yes
No
Los Angeles, San Diego, Central Coast, New York, New Jersey, North Carolina, Colorado, Miami, Tampa, Orlando, Charlotte, Raleigh, USA, California, Sacramento, Texas, Austin, Houston, Dallas, San Antonio, Illinois, Chicago, Atlanta, Florida, Nevada, Washington D.C., Minnesota, Minneapolis, Ohio, Pennsylvania, Arizona, Philadelphia, Maryland, Massachusetts, Connecticut, Indiana, South Carolina, Virginia, Missouri, Hawaii, Arkansas, Tennessee, Washington, Alabama, Jacksonville, North Port-Sarasota-Bradenton, Cape Coral – Fort Myers, Michigan, Oklahoma, Kansas, Utah, Oregon, Wisconsin, New Hampshire, Georgia