Another big Fed rate hike is here to battle inflation. Economy hangs in balance
With costs rising at their fastest pace in a generation, the Federal
Reserve is ratcheting up its fight in opposition to inflation
On Wednesday, the Fed raised its benchmark interest charge with the
aid of an extra 3-quarters of a percentage point. This is the fourth time the central bank
It follows an increase of the same size in June — charge hikes at this
pace and significance have not happened because the overdue 1980s
Despite these fast and furious moves, the important financial institution has
its paintings cut out for it. Its goal is to rein in inflation with out kickstarting
The hard work marketplace is extraordinarily tight, and inflation is
much too high," Fed Chair Jerome Powell stated at a news conference, wherein