Sunday, May 5, 2024 | The Latest Buzz for the Appraisal Industry

Fed Increases Interest Rate by 75 Basis Points

On March 14-15, 2020, the Federal Reserve’s Federal Open Market Committee (FOMC) held an emergency meeting in light of the then-blossoming pandemic to cut rates by a 100 basis points to a rate of 0-0.25%.  But now, in light of last weeks Consumer Price Index report which found inflation increased to 9.1% in June 2022, the …

The post Fed Increases Interest Rate by 75 Basis Points appeared first on DSNews.

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