On December 16th, 215, Beijing time, the Federal Reserve announced that it would raise the federal funds rate by 25 basis points, reaching the level of .25% to .5%. This is the first time the Federal Reserve has raised interest rates in the past 1 years, and the last time it raised interest rates was in June 26.
In the early morning of March 17th, 216, Beijing time, the Federal Reserve announced that it would keep interest rates unchanged as expected by the market, and reduced the number of interest rate hikes to two times this year from the previous four. The hidden downside risks of the global economy and the inflation rate in the United States, which is still at a low level, have become two major concerns for the Federal Reserve to suspend interest rate hikes.
On December 15th, 216, Beijing time, the Federal Reserve announced the interest rate resolution, announcing a 25 basis point interest rate increase, which also raised the target range of the federal funds interest rate to .5%-.75%, and the resolution statement was unanimously adopted. This is the second rate hike by the Federal Reserve since the first rate hike in December 215, after a full year. ?
on December 15th, 216, Beijing time, after the Federal Reserve announced the first rate hike this year, the Hong Kong Monetary Authority also indicated that it would raise the benchmark interest rate from .75% to 1%, that is, raise the interest rate by 25 basis points. ?
In the early morning of March 16th, 217, Beijing time, the Federal Reserve announced that it would raise the interest rate by 25 basis points and raise the federal funds rate from .5%~.75% to .75%~1%.
On June 15th, 217, Beijing time, the Federal Reserve announced that it would raise interest rates by 25 basis points, and the federal funds rate was raised from .75% to 1% to 1.25%. ?
On September 21st, 217, Beijing time, the Federal Reserve announced that it would keep the interest rate unchanged, and at the same time, it would gradually reduce the size of its balance sheet of up to $4.5 trillion from October. It is still expected to raise interest rates again in 217. The forecast shows that interest rates will be raised three times in 218, twice in 219 and once in 22. Extended information
US Federal Reserve's interest rate hike policy:
The Federal Reserve is the central bank of the United States, and the Federal Open Market Committee is its monetary policy-making body. It holds eight interest rate meetings in Washington every year to decide the adjustment direction of monetary policy.
After the meeting of the Federal Open Market Committee, the Federal Reserve will announce whether to adjust the federal funds rate (benchmark interest rate) and by what amount, and influence the market capital adequacy by buying and selling government bonds in the open market, so that the overnight lending rate of banks tends to the set target federal funds rate. The lending interest rate in the market will generally move with this interest rate, such as mortgage interest rate and other indicators.
The interest rate decision of the Federal Reserve is mainly based on the economic trend of the United States. In general, the Fed's policy objectives are mainly to maintain price stability and promote employment. If it expects that the economy may tend to be weak in the future and there is downward pressure on prices, it is likely to adopt a looser monetary policy, such as cutting interest rates; On the contrary, policies such as raising interest rates may be adopted to tighten monetary policy.
In addition, the Federal Reserve also expects the pace of interest rate hike to accelerate in the future, raising the long-term federal funds rate forecast from 2.9% to 3.%. The median expectation of Fed policymakers is that the appropriate federal funds rate is 1.375% at the end of 217 (previously estimated at 1.125%), 2.125% at the end of 218 (previously estimated at 1.875%) and 2.875% at the end of 219 (previously estimated at 2.625%).
Reference: Baidu Encyclopedia-Federal Reserve System of the United States.