JUST IN: Federal Reserve Raises Interest Rates Another 50 Basis Points to Fight Bidenflation
Merry Christmas from the Federal Reserve! The Federal Reserve on Wednesday raised interest rates 50 basis points – or 0.50% to fight Bidenflation. “The Fed boosted its benchmark rate a half-point to a range of 4.25% to 4.5%, its highest level in 15 years. Though lower than its previous...
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Merry Christmas from the Federal Reserve!
The Federal Reserve on Wednesday raised interest rates 50 basis points – or 0.50% to fight Bidenflation.
“The Fed boosted its benchmark rate a half-point to a range of 4.25% to 4.5%, its highest level in 15 years. Though lower than its previous three-quarter-point hikes, the latest move will further heighten the costs of many consumer and business loans and the risk of a recession.” AP reported.
The Fed raised rates after the latest report revealed interest rates are still at historic highs.
