The US Federal Reserve decides to raise interest rates in a historic way to fight inflation

The Federal Reserve hiked interest rates by three-quarters of a percentage point on Wednesday

The Federal Reserve hiked interest rates by three-quarters of a percentage point on Wednesday (Image: AFP)

The Federal Reserve has implemented the largest rate hike since 1994 to curb inflation.

In an aggressive move, the US Federal Reserve raised the benchmark interest rate by three-quarters of a percentage point on Wednesday.

The interest rate hike will drive up the cost of borrowing to buy houses, cars and other loans.

Breaking Story, check back for updates…

https://metro.co.uk/2022/06/15/federal-reserve-issues-historic-interest-rate-hike-to-fight-inflation-16835869/ The US Federal Reserve decides to raise interest rates in a historic way to fight inflation

Justin Scacco

InternetCloning is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@internetcloning.com. The content will be deleted within 24 hours.

Related Articles

Back to top button