Fed announces rate hike not seen in decades in attempt to fight rampant U.S. inflation

MacDailyNews
Jun 15, 2022, 3:59 pm465 pts
The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points for the first time in nearly three decades in an attempt to cool inflation not seen in over 40 years. Megan Henney for FOX Business: The 75-basis point hike – the first since 1994 – underscores just how serious Fed…

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