{"id":1004660600,"date":"2023-05-03T12:06:44","date_gmt":"2023-05-03T20:06:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004660600"},"modified":"2023-05-09T07:19:56","modified_gmt":"2023-05-09T15:19:56","slug":"fed-debuts-10th-rate-hike-signals-potential-shift","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fed-debuts-10th-rate-hike-signals-potential-shift\/","title":{"rendered":"Fed Debuts 10th Rate Hike, Signals Potential Shift"},"content":{"rendered":"
\"Decision\"<\/a>

Image by mohamed_hassan via Pixabay<\/em><\/p><\/div>\n

The Federal Reserve has announced its 10th consecutive interest rate spike, raising rates by a widely predicted 25 basis points, from 5 to 5.25 percent, a high not seen since 2007.<\/p>\n

As with previous increases, the impetus was the central bank’s attempt to reduce inflation<\/a> to 2 percent as quickly as possible. The decision comes after a wave of recent bank failures<\/a> and as a potential recession looms on the horizon.<\/p>\n

\u201cIt\u2019s moderated somewhat, but pressures continue to remain high, and the process of getting it back down to 2 percent has a long way to go,\u201d Fed Chairman Jerome Powell said of inflation at his Wednesday press conference following the Federal Open Market Committee’s meeting. \u201cSlowing down was the right move. It enabled us to see the data and we will continue to do so.\u201d<\/p>\n

\"\"<\/a>

Chairman Powell speaks at the May 3 press briefing. Screenshot of Federal Reserve livestream by Gabriel Frank<\/span><\/em><\/p><\/div>\n

With many predicting<\/a> that there will be a pause on future rate hikes after this increase, the FOMC signaled that it is prepared to alter its policy based on an analysis of labor market data, inflation metrics and other financial developments. The FOMC is “prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of” its goals, the committee said in a statement.<\/p>\n

\u201cThe assessment is going to be an ongoing one, meeting by meeting,\u201d Powell said. Financial markets generally expected as much, anticipating that the central bank will wait, see and adjust accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Reserve will determine next steps “meeting by meeting,” Chairman Jerome Powell said on Wednesday.<\/p>\n","protected":false},"author":3012,"featured_media":1004660602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742],"tags":[32764],"class_list":["post-1004660600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest","tag-federal-open-market-committee"],"acf":[],"yoast_head":"\nFed Debuts 10th Rate Hike, Signals Potential Shift - CPE<\/title>\n<meta name=\"description\" content=\"The Federal Reserve announced its 10th consecutive interest rate spike, raising rates by 25 basis points, from 5 to 5.25 percent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fed-debuts-10th-rate-hike-signals-potential-shift\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Debuts 10th Rate Hike, Signals Potential Shift\" \/>\n<meta property=\"og:description\" content=\"The Federal Reserve announced its 10th consecutive interest rate spike, raising rates by 25 basis points, from 5 to 5.25 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fed-debuts-10th-rate-hike-signals-potential-shift\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T20:06:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-09T15:19:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Snag_152bc20-e1683190684204.png\" \/>\n\t<meta property=\"og:image:width\" content=\"704\" \/>\n\t<meta property=\"og:image:height\" content=\"528\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fed-debuts-10th-rate-hike-signals-potential-shift\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fed-debuts-10th-rate-hike-signals-potential-shift\/\",\"name\":\"Fed Debuts 10th Rate Hike, Signals Potential Shift - 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