Fed Hikes Interest Rates For The Second Time In 2022
The Federal Reserve raised
its baseline interest rate range Wednesday by two times the size of a usual
rate hike as the central bank sprints to get ahead of rising inflation. The
Federal Open Market Committee, the panel of Fed officials in charge of monetary
policy, boosted interest rates by 0.5 percentage points to a target range of
0.75 to 1 percent.
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