Fed unveils biggest rate hike since 1994 | TheStarTV.com

Fed unveils biggest rate hike since 1994

Published on 16 Jun 2022 12:56:16 PM

The US Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

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Keywords
news, federal reserve, fed, rate hike, increase, united states, america, usa, jerome powell, economy, global impact

The US Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, federal reserve, fed, rate hike, increase, united states, america, usa, jerome powell, economy, global impact

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