Fed raises interest rates in largest hike since 1990s
Jun 15th 2022 11:54pm EDT
The Federal Reserve chief said the rate increase is meant to combat rampant inflation The US Federal Reserve has announced a 0.75% interest rate hike, the largest increase in 28 years, as the central bank’s chairman stressed the need to avoid a recession and tame runaway price inflation. The Fed’s Open Market Committee announced the […]
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