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Fed unveils biggest rate hike since 1994, flags slowing economy
THURSDAY, JUNE 16, 2022
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation and projected a slowing economy and rising unemployment in the months to come.
Ripples from the Fed policy rate increase
FRIDAY, DECEMBER 18, 2015
THE US Federal Reserve finally raised its policy rate on Wednesday. The decision will affect not only the United States but many other countries. Higher interest rates, together with declining world oil prices, will have two profound impacts.
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