US makes biggest interest rate hike in 22 years in bid to tame soaring inflation
Issued on: 04/05/2022 – 21:47Modified: 04/05/2022 – 21:50 The Federal Reserve on Wednesday made its biggest rate hike since 2000 with a half percentage point increase meant to crush soaring inflation in the United States. After a quarter-point hike in March, the US central bank‘s policy-setting Federal Open Market Committee (FOMC) pushed the rate above
