Tag: Raise Interest Rates
-
U.S. Federal Reserve Raises Interest Rates to Tackle Inflation: Will They Continue to Hike?
At the most recent Federal Open Market Committee (FOMC) meeting in March 2023, the Fed raised rates again by a quarter of a percentage point, bringing rates from 4.75% to 5%. The U.S. Federal Reserve raised interest rates seven times in 2022 and again in February 2023 in an effort to control inflation It is…