FED Hikes Rate to Highest Level in 22 Years

2023 • 4min • News • Business


Published On: July 27, 2023 - The U.S Federal Reserve raised interest rates by 25 basis points, marking the 11th rate hike in 12 meetings. Despite these efforts, the 2% inflation target remains elusive. Additionally, the US economy witnessed a growth rate of 1.8% in the second quarter of 2023.