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US Fed Hikes Interest Rates By 25 bps To Highest Since 2009 Crisis; 11th Hike In Past 12 Meetings – News18

US Fed Hikes Interest Rates By 25 bps To Highest Since 2009 Crisis; 11th Hike In Past 12 Meetings – News18


The US Federal Reserve on Wednesday, July 26, hiked its key interest rate by 25 basis point (bps), marking the 11th hike in the US central bankโ€™s past 12 policy meetings. With this, the benchmark overnight interest rate has increased to 5.25 per cent-5.50 per cent, which is the highest level since the financial crisis and recession of 2007-2009.



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