Another big Fed rate hike is here to battle inflation. Economy hangs in balance

By: David Gura | NPR
Posted on: Wednesday, July 27, 2022

Updated July 27, 2022 at 2:01 PM ET WASHINGTON, D.C. (NPR) — With prices rising at their fastest pace in a generation, the Federal Reserve is ratcheting up its fight against inflation. On Wednesday, the Fed raised its benchmark interest rate by an additional three-quarters of a percentage point. This is the fourth time the… Read More