{"id":52608,"date":"2022-09-21T11:41:19","date_gmt":"2022-09-21T18:41:19","guid":{"rendered":"https:\/\/lapost.us\/?p=52608"},"modified":"2022-09-21T11:41:19","modified_gmt":"2022-09-21T18:41:19","slug":"fed-hikes-rates-by-75-basis-points-for-third-time-this-year","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=52608","title":{"rendered":"Fed hikes rates by 75 basis points for third time this year"},"content":{"rendered":"<p>The Federal Reserve on Wednesday boosted interest rates by three-fourths of a percentage point, the latest in a series of aggressive steps to tame stubborn inflation.<\/p>\n<p>&nbsp;<\/p>\n<p>The Federal Open Market Committee (FOMC) \u2014 the panel of Fed officials responsible for monetary policy\u2014 hiked its baseline interest rate by 0.75 percentage points Wednesday to a span of 3 to 3.25 percent.<\/p>\n<p>&nbsp;<\/p>\n<p>It is the fifth Fed rate hike since March and the third consecutive FOMC meeting ending with a 75 basis point hike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve on Wednesday boosted&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-52608","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/52608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52608"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/52608\/revisions"}],"predecessor-version":[{"id":52609,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/52608\/revisions\/52609"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}