Who are the winners and losers of the Fed hiking interest rates?

Posted on AllSides June 16th, 2022
From The Left

The Federal Reserve has hiked its benchmark interest rate by 0.75%.

But what does that actually mean for hundreds of millions of Americans – Americans who have jobs, who buy things, who have bank accounts?

In short, interest rates are the Federal Reserve's main tool to combat inflation. Inflation is driven by strong consumer demand. By raising interest rates, which makes things more expensive, the Fed is hoping to dampen Americans' willingness to spend money.

"It is essential that we bring inflation down if we are to have a sustained...

Read full story

NPR (Online News)

AllSides Media Bias Rating: Lean Left
AllSides Media Bias Rating: Lean Left
106729/84332
See full bias rating for NPR (Online News)
Learn about media bias
https://www.npr.org/2022/06/16/1105397522/who-are-the-winners-and-losers-of-the-fed-hiking-interest-rates

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right