Federal Reserve Approves Rate Hikes, More Central Banks Follow
Posted on 11/03/2022
On November 2, 2022, the Federal Reserve raised its short-term borrowing rate another 0.75% to slow key areas of the U.S. economy and tame inflation. Inflation in the U.S. is at a 40-year high. The Federal Reserve said its new target range is 3.75% to 4%, the highest level since January 2008. The fourth rate…
