CNN CNN Newsroom July 6, 2024
spending. and let's begin in washington, d.c., where the federal reserve has just announced its latest decision on interest rates. economists predicted an eighth straight rate increase as the central bank tries to tamp down inflation without causing a recession. matt egan is inside the federal reserve. what's the decision? >> reporter: 25 basis points, the fed just delivered its eighth straight interest rate hike, lifting interest rates to the highest level since 2007, all part of the fed's quest to get inflation back down to healthy levels. but importantly, the fed is dialing back t...