Fed hikes rates by 50 bps; biggest jump in 22 years

https://ift.tt/7D2PSHz The US Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.

https://ift.tt/rIUMqWg from Times of India https://ift.tt/7D2PSHz