Federal Reserve Board Chairman Jerome Powell adjusts his glasses during a conversation with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Friday, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta)

Federal Reserve Raises Interest Rates To Highest Level In 15 Years

Updated on:

Dec 14, 2022, 19:21

Despite recent encouraging signals, the Federal Reserve hiked its benchmark interest rate by half a point on Wednesday to its highest level in 15 years, showing that the struggle against inflation is still ongoing.

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