Federal Reserve Orders Massive Interest Rate Hike as Economy Crumbles

“The Federal Reserve announced a 75 basis point increase to interest rates on Wednesday — the largest since 1994 — amid skyrocketing inflation and [gasoline prices]. The decision means that the Fed’s benchmark short-term rate for consumer and business loans will increase to a range of 1.5% to 1.75%.”

This was originally posted here at Townhall on June 15, 2022.

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