Federal Reserve meeting —

At its 27 July 2022 meeting, the Federal Reserve raised its policy rate from 1.50–1.75% to 2.25–2.50%.

Decision

hike — 1.50–1.75% to 2.25–2.50%

Key passages

the Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2-1/2 percent

75bp hike, in line with expectations, but keeps policy tightening.

anticipates that ongoing increases in the target range will be appropriate

Signals further rate hikes ahead, maintaining tightening bias.

Meeting documents

Background reading

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