The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.
The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5 percent to 1.75 percent.
Read Full Story
Boston Globe Rating
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
