Jerome Powell, chairman of the United States Federal Reserve
Interest rates, the Fed raises by half a point: the largest increase since 2000
There Fed raise i interest rates by half a percentage point, bringing the cost of money in a fork between 0.75% and 1%. For the Fed this is the first half-point increase since 2000 and the first time since 2006 that raises rates in two consecutive meetings. In March he had raised the cost of borrowing by a quarter of a point.
After a weak day, Wall Street turns positive after the Fed has raised i taxi by half a percentage point between 0.75% and 1%. The Dow Jones earns 0.4%, lo S&P 500 + 0.42%, on Nasdaq 0.25%.
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