Federal Reserve raises interest rate 0.75% in efforts to curb inflation
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Federal Reserve raises interest rate 0.75% in efforts to curb inflation
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FED INCREASES INTEREST RATE: The Federal Reserve has raised its benchmark interest rate by three-quarters of a percentage point for the third straight time, in an effort to slow spending to lower inflation without pushing the economy into a recession. | CBS Evening News
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The Federal Reserve announced a 0.25% interest rate hike on Wednesday—the first increase since 2018, while also forecasting a more-than-expected six additional hikes this year, as the central bank looks to combat surging inflation and ease concerns about the economic impact from Russia’s invasion of Ukraine. Read more: https://www.forbes.com/sites/sergeiklebnikov/2022/03/16/federal-reserves-long-awaited-rate-hike-is-here-powell-announces-025-increase/?utm_source=FBPAGE&utm_medium=social&utm_camp
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Fed raises key interest rate by 0.75% as it hardens fight against inflation
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