Here Come The Rate Hikes!

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The increase comes following the monthly Bureau of Labor Statistics report released last week that showed inflation had risen 8.6 percent from May the year prior.

BREAKING: Fed hikes interest rate by 75 basis points, marking highest increase since 1994
Hannah Nightingale
Hannah Nightingale
Washington DC
June 15, 2022 2:59 PM
2 Mins Reading

On Wednesday, Federal Reserve officials announced that they would be raising their main interest rate by three-quarters of a percentage point, marking the highest increase since 1994.
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President Biden on Wednesday announced that another $1.2 billion in security and humanitarian assistance will be granted to Ukraine as the deadly war with Russia continues. Biden said he informed Ukrainian President Volodymyr Zelensky that $1 billion in defensive aid will be sent in the form of artillery, coastal defense weapons, ammunition and advanced rocket systems.
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The House passed a bill Tuesday to increase security for Supreme Court justices' immediate families, with 27 Democrats voting against, less than a week after a man was arrested for allegedly plotting to kill Justice Brett Kavanaugh.

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