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Fed raises interest rates by 0.5%, warns of more increases | LiveNOW from FOX
Posted
December 15, 2022
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5:25Now PlayingThe Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come. But the Fed announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing.
The Fed boosted its benchmark rate a half-point to a range of 4.25% to 4.5%, its highest level in 15 years.
Economist Michael Szanto joins LiveNOW from FOX's Andy Mac to talk about the interest rate increase.
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