Fed unleashes another big rate hike in bid to curb inflation
Fed unleashes another big rate hike in bid to curb inflation
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Fed unleashes another big rate hike in bid to curb inflation
Get latest articles and stories on World at LatestLY. The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. World News | Fed Unleashes Another Big Rate Hike in Bid to Curb Inflation.
The central bank's chairman said he does not believe the country is currently in a recession.
The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year, according to Reuters
The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year, according to Reuters polls of economists.