Fed hikes interest rates by quarter point
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the...
Read the full story on The Hill → Opens the original article on thehill.comSummary aggregated from The Hill's public RSS feed. The full reporting belongs to The Hill — please read it on their site.