Federal Reserve raises interest rates by three-quarters percent


BREAKING NEWS: Federal Reserve raises interest rates by three-quarters of a percentage point in the biggest hike since 1994 in a bid to slow rapid inflation

  • The Federal Reserve raised the interest rate to .75 per cent in an attempt to rein in the record high levels of inflation
  • Officials agreed to the increase at their two-day policy meeting that wrapped on Wednesday
  • It is the biggest hike since 1994
  • That will increase the Fed’s benchmark federal-funds rate to a range between 1.5%…



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US Federal Reserve attacks inflation with largest rate hike since 1994

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