Fed hikes rates by 75 basis points for first time since 1994

Fed attacks inflation with its largest rate hike since 1994

The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off…

The Federal Reserve approves the biggest interest rate hike since 1994

The central bank is tightening its policy against inflation with an increase of 0.75 percentage points and a target range of 1.5% to 1.75%

Fed attacks inflation with its largest rate hike since 1994

The Fed’s decision to impose a rate hike as large as it did Wednesday was an acknowledgment that it's struggling to curb the pace and persistence of inflation.

Federal reserve's recent rate hike leaves us with 5 things to note in Asian markets

Following the market volatility this month and an unusual rate hike by the Fed since 1994, these are a few things one can expect.

Fed attacks inflation with largest rate hike since 1994

WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries…

US Federal Reserve announces biggest interest rate hike in 28 years to control inflation

Financial services company Wells Fargo & Co said that the country could face a mild recession in 2023 due to the high rate.