Fed issues biggest rate hike in 22 years - CNN
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Summary
The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the worst inflation America has seen in 40 years. In March, the Fed ramped up its benchmark borrowing rate for the first time since late 2018, increasing it by a quarter-percentage point. In his post-meeting press conference on Wednesday, Fed Chairman Jerome Powell said that additional half-percentage-point rate hikes will be on the table for the next few meetings. All content of the Dow Jones branded indices Copyright S&P; Dow Jones Indices LLC 2018 and/or its affiliates.© 2021 Cable News Network.
As said here by Anneken Tappe