Interest rate hikes, both foreign and domestic
Inflation creating cost of living crisis in U.S. and Europe.
Tags: Federal Reserve
Fed hikes rates by three quarters of a point
Interest rates could increase to 4 percent by December.
Economy shrinks, Fed raises rates
Federal Reserve voted to raise interest rates on Wednesday.
Inflation hits 40-year high in June
Federal Reserve expected to raise key short-term interest rates again.
Stocks tumble after Fed hikes interest rates
Stock market returned to its previous downward trajectory Thursday sliding roughly 3.3% across board.
Fed interest rate hike largest since 1994
Short-term borrowing rate now ranges from 1.5% to 1.75%, but could double by year’s end.