US Federal Reserve Hikes Interest Rates by 0.75% To Fight Inflation
According to the Reuters report on June 15. This was the biggest hike of the US central bank since 1994.
The US Federal Reserve announced the biggest interest rate hike by 0.75 percent to fight surging inflation. According to the Reuters report on June 15. This was the biggest hike of the US central bank since 1994.
The Federal Reserve hikes interest rates by 0.75 percentage points to cool inflation — the steepest increase in more than a quarter of a century https://t.co/kGUV9tukYV pic.twitter.com/2XOtDPLkrq
— Reuters (@Reuters) June 15, 2022
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(The above story first appeared on LatestLY on Jun 16, 2022 12:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
