Fed hikes rates for first time in over 3 years
The Federal Reserve raised interest rates on Wednesday for the first time in over three years. The Federal Open Market Committee enacted the hike to address persistent inflation. This decision marks a significant shift in the central bank's monetary policy.
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Federal Reserve hikes rates The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. © Mark Schiefelbein, Associated Press The central bank’s Federal Open Market Committee...
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