Fed begins its rate-hiking cycle
The US central bank raises its policy rate for the first time since 2018.
By the editors17 March 20223 min read
On 16 March 2022 the Federal Reserve raised its target range by 0.25 percentage points – its first increase since 2018.
The central bank cited high inflation and a strong labour market, and signalled further increases.
For companies and investors, a long period of exceptionally cheap financing in the US is coming to an end.