Published On: Wed, Jun 15th, 2022
World | By

U.S. central bank hikes interest rate by biggest amount since 1994

Jerome Jay Powell

The Federal Reserve has raised its benchmark interest rate by 75 basis points to a range of up to 1.75 per cent, its most aggressive hike in almost 27 years as the U.S. central bank scrambles to rein in runaway inflation.

CBC | World News