US Fed
Economy
US Fed Interest Rate Hike is Highest in Nearly 30 Years
The US Federal Reserve's decision to raise interest rates by three quarters of a percent on Wednesday—the biggest hike since 1994—was designed to rein in the country's overheated economy and fast-rising inflation, which have led to price spikes market...
Business
US Fed Raises Interest Rates for First Time Since 2018 to Stem Inflation
The US Federal Reserve announced a quarter-percentage point interest rate increase on Wednesday, nearly two years to the day the central bank slashed its benchmark federal funds rate to zero amid the recession triggered by the COVID-19 pandemic.
"It's clearly...