Advertisement
Canada markets closed
  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CAD/USD

    0.7274
    +0.0011 (+0.15%)
     
  • CRUDE OIL

    83.22
    +0.49 (+0.59%)
     
  • Bitcoin CAD

    88,185.82
    +933.19 (+1.07%)
     
  • CMC Crypto 200

    1,380.64
    +68.02 (+5.18%)
     
  • GOLD FUTURES

    2,402.70
    +4.70 (+0.20%)
     
  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     
  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     
  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     
  • VOLATILITY

    18.72
    +0.72 (+4.00%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • CAD/EUR

    0.6824
    +0.0003 (+0.04%)
     

What Does the Fed Interest Rate Mean for U.S. Bancorp?

What Does the Fed Interest Rate Mean for U.S. Bancorp?

The Federal Reserve is looking to cool down these inflationary pressures by raising interest rates to curb demand. Whether that works or not is still to be seen, but we know that the Fed is committed to raising interest rates. The Fed has already raised its target interest rate to hover within a range of 0.75% to 1%, up from the range of 0% to 0.25% seen earlier this year.