U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022.Kevin Lamarque | ReutersCall it a sign of the times where a half percentage point interest rate increase from the Federal Reserve is considered looser monetary policy.Prior to this year, the Fed hadn’t boosted benchmark borrowing rates by more than a quarter-point at a time in 22 years. In 2022, they’ve done it five times — four times for three-quarters of a point and once for a half percentage point — with Wednesday’s widely anticipated 0.5 percentage point move to be the sixth.related investing news A pitched battle against inflation has turned policy norms on their head. Investors have now become conditioned to an aggressive central bank, so any s …
