The Federal Reserve Hikes Interest Rates by 0.75 Percent, the Highest Since 1994, in an Effort to Control Inflation
The Federal Reserve hiked interest rates by 0.75 percent on Wednesday, the most in a single meeting since 1994. The Fed signaled that further interest rate rises will occur this year, as the Fed relies on increased borrowing costs to reduce the excessive demand that is contributing to higher-than-expected inflation…. Continue reading