In a unanimous decision, the Federal Reserve’s policy-setting committee boosted interest rates by 50 basis points, or half a percentage point, for the largest increase since May 2000 as it seeks to tackle inflation.
Fed Follows Through With Biggest Rate Increase Since May 2000
Powell Seeks To Reassure Public, Claims Fed Has Necessary Tools To Bring Inflation Under Control
CoStar Analytics
May 4, 2022 | 9:00 P.M.
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