The Fed lifts rates by a quarter point as banking turmoil complicates inflation fight | CNN Business

New York

The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability.

Investors and economists had widely anticipated the quarter-point increase — or even a pause — amid the meltdown in the banking sector.

This story is developing and will be updated.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: