KRON KRON 4 News At 530pm November 3, 2022
An effort to tame inflation today, the Federal Reserve announced its raising Interest Rates, threequarters of a percent yet to get our at washington, d. C. , correspondent Raquel Martin explains whats to be expected. This is now the 4th time in a row. The Federal Reserve has raised Interest Rates more aggressively at 3 quarters of a percentage. The increase will make it more expensive to take out a new mortgage, buy a new car or pay down a credit card. The cost of borrowing just got even more expensive for taking forceful steps to moderate demands. In an effort to tame high inflation wednesday...