Search result for The Federal Reserve
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The Fed has approved the smallest rate raise since March, in response to an improved inflation outlook.
The Federal Reserve unanimously authorized a quarter-point interest rate hike on Wednesday, reducing the pace of its increases in a clear hint that the central bank is making progress in its war against inflation. The decision, made at the conclusion of the Federal Open Market Committee's fir...
![](https://industryglobalnews24.com/images/rates-on-mortgages-reached-589-which-is-the-highest-level-since-2008.jpeg)
Rates on mortgages reached 5.89%, which is the highest level since 2008.
The Federal Reserve is indicating that it intends to maintain higher interest rates for longer.
In a new report released on Thursday by Freddie Mac, the average interest rate on 30-year mortgages increased to 5.89%, the highest level since 2008.
The increase follows a time dur...