Fed raises interest rates again
The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the “cumulative tightening of monetary policy ” it has enacted so far. This report produced by Jillian Kitchener and Ryan Chang .
The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the “cumulative tightening of monetary policy” it has enacted so far. This report produced by Jillian Kitchener and Ryan Chang.
