The Federal Reserve announced that it will raise the target range for the federal funds rate to between 5% and 5.25% on Wednesday, marking a quarter point increase and its third such move of 2023 and 10th since it began its efforts to curb rising inflation last March. read more

MAY 4, 2023 - 7:14 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023. read more

MAR 23, 2023 - 7:24 am

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.5% and 4.75%, marking a quarter point increase. The move was less drastic than its seven rate increases in 2022, with all but one of those lifting rates by three quarters of a point. read more

FEB 2, 2023 - 7:10 am

The Federal Reserve continued its efforts to curb rising inflation on Wednesday, announcing that it will raise the target range for the federal funds rate to between 3% and 3.25%, marking yet another 0.75% increase following similar actions in June and July. read more

SEP 22, 2022 - 7:38 am

On Wednesday, the Federal Reserve made its third hike to the federal funds rate in 2022, increasing the rate to a range between 1.5% and 1.75%. According to Yahoo Finance, the 0.75 percentage point increase was “the largest move [the Fed] has made in a single meeting since 1994.” read more

JUN 16, 2022 - 7:46 am

On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.” read more

MAY 5, 2022 - 7:37 am

The Wall Street Journal reported that the Fed’s emergency rate cut “took a direct hit” to banks and insurers. read more

MAR 4, 2020 - 6:00 am

The Wall Street Journal reported that Federal Reserve’s rate-setting committee could expect more consensus in 2020 after an annual rotation of its members. read more

DEC 27, 2019 - 6:30 am

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2% to 2-1/4% at its November meeting. read more

NOV 9, 2018 - 6:30 am

The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation. read more

SEP 27, 2018 - 6:50 am

Fed officials interviewed last week reinforced the notion the Fed will raise rates in September and Decembers. However, judging from a headline speech by Chairman Jerome Powell, Bloomberg notes this path may be far from certain. read more

AUG 27, 2018 - 7:20 am

The Equipment Leasing & Finance Foundation released a new study to prepare equipment finance firms for the possibility of a more rapid rise in inflation and interest rates in the near future. read more

JUN 12, 2018 - 7:21 am

The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets. read more

MAR 22, 2018 - 7:46 am

The Federal Reserve raised its benchmark rate for the second time in three months, this time to a range between 0.75% and 1%. read more

MAR 16, 2017 - 7:19 am

Reuters reported that economists from Morgan Stanley are predicting a U.S. interest rate hike of a quarter point in the next two weeks. read more

MAR 3, 2017 - 7:11 am