Federal Reserve increases benchmark rate of 75bps to fight rising inflation
On Wednesday afternoon, the U.S. Federal Reserve increased its federal funds rate by three-quarters percent. This follows the U.S. Federal Reserve's decision to raise the federal funds rate by three-quarters of a percentage point on Wednesday afternoon. The CPI report last week showed that U.S. inflation rose by 8.3% per year. Fed raises Federal Funds […]
Federal Reserve increases benchmark rate of 75bps to fight rising inflation Read More »