Federal Reserve again increases interest rate, amid continuing inflation, recession fears

Wednesday, July 27, 2022 | Tag Cloud Tags: , ,

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(Worthy News) – The Federal Reserve on Wednesday announced a three-quarters of a percentage point rate hike, in an attempt to cool record-high inflation.

The central bank’s decision to have a 75-basis-point rate hike – for the second month in a row – came at the conclusion of its July monetary policymaking meeting, according to CNN. Source: Just the News

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