Fed raises interest rates by 75-basis points in historic move to fight inflation
Economy And Jobs,Federal Reserve,Banking And Finance,Jerome Powell,Interest Rates,Inflation,Recession
From the Right
AllSides Media Bias Rating: Lean Right
The Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points for the first time in nearly three decades as policymakers intensify their fight to cool red-hot inflation, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.
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