The Federal Reserve raises its benchmark interest rate by 0.75 percentage point, to 3.75%, the highest rate since January 2008, amid surging inflation in the United States. Federal Reserve chairman Jerome Powell warns that further rate increases are likely.
The Federal Reserve raises its benchmark interest rate by 0.75% to 3.75%, the highest level since January 2008, amid surging inflation in the United States. Federal Reserve chairman Jerome Powell warns that further rate increases are likely.
The Federal Reserve raises its benchmark interest rate by 0.75 percentagepoint,to3.75%, the highest rate since January 2008, amid surging inflation in the United States. Federal Reserve chairman Jerome Powell warns that further rate increases are likely.