Largest Fed Rate Increase In 28 Years
CNN: Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994 Article published: 15 June, 2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation) Inflation soars, central bank responds The US central bank (the Fed) has increased its benchmark interest rate by 0.75%, which is the largest rate hike [...]