Federal Reserve announces Highest Interest Rate-hike since 1994
Key Takeaways
The Federal Reserve increased its short-term interest rate by 0.75 percent.
The Fed is attempting to control inflation by raising borrowing costs, and this is the largest increase in 28 years.
More rate hikes may be on the way in 2
The Federal Reserve increased its short-term interest rate by 0.75 percent.
The Fed is attempting to control inflation by raising borrowing costs, and this is the largest increase in 28 years.
More rate hikes may be on the way in 2