Fed hikes interest rates yet again in effort to curb inflation

FAN Editor 2 years ago

Fed hikes interest rates yet again in effort to curb inflation – CBS News

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The Federal Reserve raised interest rates 0.75% on Wednesday. It’s the fourth rate hike this year, aimed at curbing inflation while also preventing a recession. Naomi Ruchim reports on the news. Then, Major Garrett is joined by Adam Phillips, managing director of portfolio strategy at EP Wealth Advisors, to discuss what this could mean for the economy.

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