The Federal Reserve is once again using its most powerful weapon in an attempt to stifle the highest inflation in 40 years: increases in interest rates. But the central bank's decision on Wednesday to raise borrowing costs further means consumers and businesses are grappling with back-to-back … [Read more...] about What the Fed’s latest interest rate hike means for your money
Federal Reserve
The Federal Reserve raises interest rates for the fourth time this year
The Federal Reserve took an aggressive step on Wednesday to combat soaring inflation by announcing another larger-than-usual interest rate hike of three-quarters of a percentage point. The increase comes as central bank officials face a difficult balancing act: driving down prices amid growing … [Read more...] about The Federal Reserve raises interest rates for the fourth time this year
