US Fed hikes interest rate 0.75 points, biggest increase since 1994

US Fed hikes interest rate 0.75 points, biggest increase since 1994

Issued on: 15/06/2022 – 21:05 The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession. The move

US makes biggest interest rate hike in 22 years in bid to tame soaring inflation

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

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