Federal Reserve officials on Wednesday decided to lift interest rates by another 0.75 percentage point as the central bank tries to pull inflation down from a 40-year high.
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3 Ways a Fed Rate Increase Affects You
Federal Reserve officials on Wednesday decided to lift interest rates by another 0.75 percentage point as the central bank tries to pull inflation down from a 40-year high.
Photo: images.barrons.com
Fed day is here and so is another interest-rate increase.
Understanding how stagflation in the 1970s got so bad could help today’s Federal Reserve avoid similar mistakes.
While the Fed tries to tame inflation without causing a recession, investors should gird for the possibility of failure—potentially on both fronts.
