Watch VideoThe Federal Reserve is poised to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans' financial strains and likely weaken the economy.
Yet with inflation having...
The Fed To Fight Inflation With Fastest Rate Hikes In Decades
Newsy
0 shares
2 views
You might like
Related news coverage
U.S. Economy Shrank 1.5% In First Quarter Of 2022
Newsy
Watch VideoThe U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a..
Advertisement
More coverage
Inflation inches higher again, now up to 6.8%
CBC.ca
The cost of living continues to rise at the fastest pace in decades, with Canada's official inflation rate rising at a 6.8 per cent..
-
Canada's inflation rate inches up again, to new 31-year high of 6.8%
CBC.ca
-
Inflation in Britain hits 9 percent, the fastest pace in four decades.
NYTimes.com
-
Bank of England to launch brisk rate hike cycle to tame 40-year high inflation
City A.M.
-
Powell: Fed to keep hiking rates until it controls inflation
SeattlePI.com