75bps
Bank Rate
Bankrate.com
Benchmark Bank Rate
Benchmark Rate
CPI
Economics
Elizabeth Warren
Fed
Federal Funds Rate
Federal Rate
Federal Reserve
FOMC
hot inflation
inflation
Inflation remains elevated
Janet Yellen
jerome powell
Joe Biden
June decision
Paul Krugman
Russia
taming inflation
U.S. Federal Reserve
US Central Bank
War
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last…