US Federal Reserve is poised to make its biggest increase to interest rates in nearly 30 YEARS today with speculation it will be a 75-basis-point hike
The US Federal Reserve is meeting Wednesday to discuss what may be its biggest rate increase in nearly 30 years
The central bank seems set to increase the benchmark interest rate again by at least 0.5 percentage points
But rapidly spiking consumer and producer prices in May has fueled growing speculation that it may decide decide to make a 75-basis-point hike
That would be the largest increase since November 1994
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https://www.dailymail.co.uk/news/article-10917875/US-central…