Faced with runaway inflation in the United States, the Fed makes the biggest rate hike since 1994
The US central bank (Fed) raised its reference rates by three-quarters of a point on Wednesday, the largest rise since 1994, and its president assured that the institution remains “determined” to fight galloping inflation. • Read also: Another rate hike in the offing at the Fed, perhaps even the biggest since 1994 This increase “is …