U.S. Federal Reserve hikes interest rate by largest amount since 1994 - The Globe and Mail

The 0.75 percentage point interest rate increase suggests the Fed’s willingness to squeeze the U.S. economy to prevent prices from spiralling further out of control

U.S. Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington on June 15.OLIVIER D… [+6657 chars]

full article...