Fed set to impose another big rate hike to fight inflation
WBAL Radio 1090 AM - Fed set to impose another big rate hike to fight inflation
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WBAL Radio 1090 AM - Fed set to impose another big rate hike to fight inflation
WASHINGTON (AP) -- The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in
The Federal Reserve 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.
The Fed's move will raise its key rate, which affects many consumer and business loans, to its highest level since 2018.
The Federal Reserve 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.