To the Point
No New Hikes from Federal Reserve Meeting
In 17 consecutive meetings since June of 2004, the Federal Reserve increased interest rates from a 46-year low of one percent to 5.25 percent as of yesterday. That was the longest unbroken stretch of rate hikes in recent history. Michael Hudson, staff reporter for the Wall Street Journal , has details of what the Fed did today .
By Warren Olney • • 1 min readIn 17 consecutive meetings since June of 2004, the Federal Reserve increased interest rates from a 46-year low of one percent to 5.25 percent as of yesterday. That was the longest unbroken stretch of rate hikes in recent history. Michael Hudson, staff reporter for the Wall Street Journal, has details of what the Fed did today.
