The Fed hikes US interest rates to fresh 14-year high
The Federal Reserve announced it would raise interest rates by 0.75 percentage points, the highest rate since the start of 2008. The bank hopes the increased cost of borrowing will cool the economy and reduce price inflation. But critics fear the moves could trigger a serious downturn. The latest hike takes the bank’s key rate …
The Fed hikes US interest rates to fresh 14-year high Read More »