Fed lifts rates by 75 bps - the biggest hike in 28 years - News24


6/15/2022 12:00:00 AM2 years 10 months ago

The Federal Reserve raised interest rates by three-fourths of a percentage point, the biggest increase since 1994.

US stocks extended their rally on Wednesday in volatile trade and Treasury yields rose after the Federal Reserve raised interest rates by three-fourths of a percentage point, the biggest increase sin… [+4351 chars]

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