Another 75 Basis Point Federal Reserve Rate Hike
August 2, 2022
Posted: August 2, 2022 | By: LendVer Staff – The central bank announced the second consecutive 75 basis point increase of its benchmark interest rate after the meeting of its Federal Open Market Committee (FOMC) this past Wednesday. The two back-to-back 75 basis point rate increases are the most aggressive ever enacted. Jerome Powell, chair of [...]