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Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation
The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. The rate hike is the largest increase since 1994. This … Continue reading
Posted in Featured News, News, Today's News
Tagged Americans, car loans, China, combat, COVID, credit, credit cards, economy, Federal Reserve, Federal Reserve Chairman, Freddie Mac, Girard Glass, global economic activity, Guardian Glass, higher borrowing costs, home equity, interest rates, Jerome Powell, Lance Altizer, largest increase, mortgages, price increase, Rick Leserman, Rick Zoulek, rising inflation, Russia, supply chain, Ukraine
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