Fed Raises Interest Rates by Quarter Point

The Federal Reserve raised interest rates for the first time in more than three years, lifting its benchmark rate to a range of 3.75% to 4%. The move could make borrowing more expensive for consumers, while Fed officials say inflation remains elevated and additional rate increases could still be considered. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.