The Federal Reserve announced a quarter-point hike to interest rates, the eighth hike since march. See potential bias and similarities in coverage from FoxBusiness, AP, WSJ:
The Federal Reserve announced another interest rate hike on Wednesday as it continues its efforts to curb inflation.The latest increase to the federal interest rate is the eight hike since March 2022. This increase was milder compared to previous hikes, with the rate only going up a quarter-point.describes the federal interest rate as the “rate at which banks charge each other for loans borrowed or lent overnight.
.” The Associated Press report echoed this, stating that the rate hike “will likely further raise the costs of many consumer and business loans and the risk of a recession.”
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