Fed announces highest interest rate hike since 2000
May 4th 2022 3:59pm EDT
The US central bank cites inflation to raise the base interest rate by 0.5% and sell off its balance sheet Citing high inflation, the US Federal Reserve has raised its base interest rate by 50 basis points, or 0.5%, and announced it would be selling off some assets from its $9 trillion balance sheet. The […]
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