Federal Reserve hikes key interest rate again to 4.75% — and signals more to come | CBC News

The U.S. central bank raised its target interest rate by a quarter of a percentage point on Wednesday, and promised "ongoing increases" in borrowing costs as part of its ongoing battle against inflation.

Move was widely expected, but unlike Bank of Canada, U.S. central bank hints more rate hikes are comingJerome Powell, chairman of the U.S. Federal Reserve, will explain the central bank's line of thinking at a press conference on Wednesday.

This is excellent news!

The banks will push forward in destroying the economy for the incoming New World Order

what does history do 'banks benefitted enormously from public financing when private funds were unavailable. In addition, had the rapid \rand enormous deployment of public funds not been available, most, if not \rall, Canadian banks would have encountered serious difficulty*

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‘More to come’, interesting… Surely this would prompt the Bank of Canada to not deviate too much from the American rate.

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U.S. Federal Reserve expected to deliver small rate hike but keep anti-inflation tiltThe expected increase would set the U.S. central bank’s benchmark overnight interest rate in the 4.50%-4.75% range, the highest since November 2007
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