On Wednesday, the central bank announced that it would raise interest rates by a quarter percentage point, its first hike since the start of the coronavirus crisis.
economic problem in the view of the public. At the same time, if the Fed moves to hike rates and tighten credit too aggressively, it risks tanking the economy into a recession.
On Wednesday, the central bank announced that it would raise interest rates by a quarter percentage point, its first hike since cutting them to zero at the start of the coronavirus crisis. Projections by members of the interest-rate setting Federal Open Markets Committee anticipated six more hikes through year, bringing it to just under 2 percent.
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