Breaking News: The Fed raised interest rates by 0.75%, the biggest single increase since 1994, signaling its urgency in the fight against inflation. - HOT AIR BALLOON FLIGHT

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Breaking News: The Fed raised interest rates by 0.75%, the biggest single increase since 1994, signaling its urgency in the fight against inflation.

BREAKING NEWS

The Fed raised interest rates by 0.75%, the biggest single increase since 1994, signaling its urgency in the fight against inflation.

Wednesday, June 15, 2022 2:05 PM ET

The big rate increase, which markets had expected, underlined that Fed officials are serious about crushing price increases even if it comes at a cost to the economy.

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