Federal Reserve raises interest rate 0.75% to help with rising inflation | USA TODAY
June 15, 2022
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0:52Now PlayingFederal Reserve raises interest rate 0.75% to help with rising inflation | USA TODAY
YouTube Description
as posted by the channelIn an attempt to slow inflation, the Federal Reserve raised interest rates by 0.75%, the largest rate increase since 1994.
RELATEDBiden reassures as soaring inflation causes concern
The Federal Reserve is rolling out the heavy artillery in its bid to fight a historic inflation spike that has shown little let-up.
But the aggressive strategy is expected to further slow the economy and increases the risk of recession. It already has triggered a brutal market sell-off.
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