Federal Reserve expected to ramp up inflation fight with super-sized rate hike

Posted on AllSides May 4th, 2022
From The Right
Liu Jie/Xinhua via Getty Images / Getty Images

The Federal Reserve is expected to ratchet up its fight to tame red-hot inflation on Wednesday with the first double-sized rate hike in two decades, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.  

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