The Federal Reserve on Wednesday raised its benchmark interest rate by another 0.75 percentage point, marking the fourth increase in five months. See potential bias and similarities in coverage from CNNBusiness, CNBC and DailyCaller:
The Federal Reserve on Wednesday raised its benchmark interest rate by another 0.75 percentage point, markingThe Fed’s policy rate is now set to a range of 2.25 to 2.5 percent, the highest since 2019.
Fed Chairman Jerome Powell indicated that another increase could take place in September depending on the data., which is the largest spike recorded in the past 30 years. Central bank members voted unanimously in favor of the strategy, which is intended to slow demand and consumer spending. Powell echoed the
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