US Federal Reserve raises interest rates by 0.75 per cent - Breaking News

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Wednesday, July 27, 2022

US Federal Reserve raises interest rates by 0.75 per cent

The US Federal Reserve has raised interest rates by 0.75 per cent. The rate increase is the fourth this year – and lifts the target rate to between 2.25 and 2.5 per cent. Members of the Federal Reserve voted unanimously in favour of the supersized rate hike – as the central bank tries to tackle rising inflation.

from Latest World News Headlines | Daily Telegraph https://ift.tt/TR8EYau

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