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Fed hikes up interest rates again
Автор: WCNC
Загружено: 2022-11-02
Просмотров: 693
Описание:
The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.
The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank’s sixth rate hike this year — a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession.
Jane Monreal shares what you need to know: https://www.wcnc.com/article/news/nat...
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