Amidst turbulence in the banking sector, the Federal Reserve continued today to seek a balance between stemming inflation and risking recession, and potential further disruption in the banking system, raising the benchmark...more
The recent collapse of Silicon Valley Bank has caused concern across the country among investors, consumers, and businesses. Today, our lawyers recap on the series of events that unfolded since March 10, 2023, and answer the...more
The Federal Reserve raised interest rates on Wednesday by 25 basis points, marking the eighth hike in a year, bringing the target range to 4.5 to 4.75 percent. Rates were near zero a year ago.
Chair Jerome Powell also...more
As expected, the Federal Reserve today announced another significant hike in interest rates this year—raising the federal funds rate by another 75 basis points. With today’s increase, the Fed took the federal funds target...more
Summary -
As expected, the Federal Reserve today announced its fifth significant hike in interest rates this year—raising the federal funds rate by 75 basis points. With today’s increase, the Fed took its federal funds...more