In a move that was widely expected, the U.S. Federal Reserve raised its key lending rate by 25 basis points to a range of 4.50% to 4.75%. This marks the eighth time the Fed has raised interest rates over the past year and a massive jump from near zero in March 2022. On the plus […]
Tag Archives: stock market
31
Jan
Jan
The Bank of Canada raised its benchmark interest rate by 25 basis points to 4.5%, the highest level since 2007. This represents the eighth consecutive rate hike. In 2022, the Bank of Canada raised its key lending rate from 0.25% in March to 4.25% by December. Canada’s central bank has been raising its overnight lending […]
