Federal Reserve Approves Interest Rate Hike of Half a Percentage Point

Federal Reserve Approves Interest Rate Hike of Half a Percentage Point

by | May 4, 2022 | News

The Federal Reserve hiked interest rates by a half-percentage point today and scaled back additional pandemic-era economic aid, bolstering its attempts to combat the greatest inflation in 40 years.

We’ll keep a watchful eye on how this will impact Affordable Housing and Affordable Homeownership Programs.

Watch Chair Pro Tempore Powell’s statement from the #FOMC press conference: