Inflation: Federal Reserve expected to announce biggest interest rate hike since 1994

Name: Inflation: Federal Reserve expected to announce biggest interest rate hike since 1994
Uploaded: 2022-06-15T09:46:10Z
Duration: 1 min 59 s
Description: The Federal Reserve is expected to ratchet up its fight to tame scorching-hot inflation on Wednesday with the first 75-basis point rate hike in close to three decades, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.

The Federal Reserve is expected to ratchet up its fight to tame scorching-hot inflation on Wednesday with the first 75-basis point rate hike in close to three decades, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.

Posted June 15, 2022 5:46am EDT