July 2022

Fed hikes interest rates by 0.75 percentage points for the second consecutive time to fight inflation

KEY POINTS The Federal Reserve on Wednesday enacted its second consecutive 0.75percentage point interest rate increase, taking its benchmark rate toa range of 2.25%-2.5%.Chair Jerome Powell said there will be a point where the Fed starts toslow hikes to assess… Read More »Fed hikes interest rates by 0.75 percentage points for the second consecutive time to fight inflation