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%…
