Faced with runaway inflation in the United States, the Fed makes the biggest rate hike since 1994

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 …

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