NPR – Fed Rate Hike: Economy Hangs in the Balance

Aug 1, 2022

On Wednesday, the Fed raised its benchmark interest rate by an additional three-quarters of a percentage point. This is the fourth time the central bank has raised rates this year. It follows an increase of the same size in June — rate hikes at this pace and magnitude have not occurred since the late 1980s.

Source: Another big Fed rate hike to battle inflation. Economy hangs in balance : NPR

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