Federal Reserve Indicates Plan to Hike US Interest Rates in March

Federal Reserve Indicates Plan to Hike US Interest Rates in March
Federal Reserve Chair Jerome Powell speaks during a Senate hearing on Capitol Hill, in Washington, on Jan. 11, 2022. Graeme Jennings/Pool/AFP via Getty Images
Bryan Jung
Updated:

The Federal Reserve signaled on Jan. 26 that it will likely raise U.S. interest rates in March for the first time in more than three years in an effort to tighten monetary policy.

The Fed’s rate-setting Federal Open Market Committee (FOMC) had been deliberating on how to refocus the Fed’s monetary policies in a two-day policy meeting.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics