Sarah Compton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

hello norm taylor in under the top stories around his era, the u. s. federal reserve has raised interest rates by point 75 percent. the biggest increase in almost 3 decades is hope the move will cub soaring inflation and bring down consumer prices, which are $240.00 a highs. a chair of the central bank, jerome pow, described the current economic climate as extraordinarily challenging and uncertain, and indicated further hikes are likely we anticipate that ongoing rate increases will be appropriate. the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy. clearly, today s $75.00 basis point increase is an unusually large one. and i do not expect moves of this size to be common. from the perspective of to day, either of 50 basis point or a 75 basis point increase seems most likely at our next meeting. we will, however, make our decisions, meeting by meeting and will continue to communicate our thinking as clearly as we can

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