Federal Reserve meeting —
At its 2 November 2022 meeting, the Federal Reserve raised its policy rate from 3.00–3.25% to 3.75–4.00%.
Decision
hike — 3.00–3.25% to 3.75–4.00%
Key passages
the Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent.
The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.
Meeting documents
Background reading
Previous meeting · Next meeting · Open the full decision workspace
The Cadence Brief
The one number that moved central bank pricing — delivered each weekday morning.