Federal Reserve escalates inflation fight with another big interest rate hike

Federal Reserve escalates inflation fight with another big interest rate hike

2 years ago
Anonymous $CIOZ56dzxX

https://www.siliconvalley.com/2022/09/21/fed-escalates-its-inflation-fight-with-another-big-rate-hike/

By Christopher Rugaber | The Associated Press

Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.