Federal Reserve hikes interest rates by 75 basis points to tackle economic inflation in US. Will it help?
The Federal Reserve has announced that interest rates will be raised by 75 basis points. Since inflation rose along with the demand for more employment opportunities in August, this plan has taken its course. It will hurt many homes and businesses.
Fed delivers another big rate hike; Powell vows to 'keep at it'
Federal Reserve Chair Jerome Powell vowed that he and his fellow policymakers would keep at their battle to beat down inflation, as the central bank hiked interest rates by three-quarters of a percentage point for a third straight time and signaled that borrowing costs would keep rising this year.
Fed hikes interest rate 0.75 percentage point to tame inflation, and sees aggressive increases ahead. What's it mean for you?
The Fed lifted its key interest rate 0.75 percentage point for a third straight meeting to curb inflation. But the move raises the risk of recession.
Fed attacks inflation with another big hike and expects more
WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.