The Fed is aggressively raising interest rates for the first time in 22 years

The Fed is aggressively raising interest rates for the first time in 22 years

[ad_1] To combat inflation and prevent the United States from falling into recession, the US Federal Reserve (I fed) on Wednesday raised its key interest rate by half a point, the biggest increase in almost 22 years, and announced it would begin lowering its balance sheet next month, accelerating tightening its monetary policy in the …

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