Inflation hits 40-year high in June
Jul 13, 2022
Federal Reserve expected to raise key short-term interest rates again.
Tags: Jerome Powell
Inflation hits 40-year high in June
Federal Reserve expected to raise key short-term interest rates again.
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.