VIDEO: Federal Reserve raises interest rate amid signs of cooling inflation Federal Reserve raises interest rate amid signs of cooling inflation
ORLANDO, Fla. — We’re digging into the Federal Reserve’s latest interest rate hike that’s expected to make big purchases a lot more expensive.
The hike is designed to help cool inflation, and economists say there are signs that may finally be happening.
Federal Reserve leaders hiked the interest rate three-quarters of a point. It’s the second time they’ve forced that big of a jump since the 1990s.
The Federal Reserve’s decision was expected. Wall Street was very happy, but it will affect how you and your family budget things moving forward.
Economists are starting to say the U.S. has hit peak inflation is on the decline.
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