US Economic Crisis: Fed Set To Hike Interest Rates to 16-Year High

US Economic Crisis: Fed Set To Hike Interest Rates to 16-Year High

The U.S. Federal Reserve is set to hike interest rates to the highest level in 16 years in an attempt to curb inflation. The Fed has raised interest rates 9 times this year. As a result, banks have reduced lending, leading to lower demand and an economic slowdown in the U.S.

US | Federal Reserve | US Fed | Inflation | US Economy | US Inflation | Fed Hike | Fed Hike | Firstpost

#us #fed #inflation #recession #economy #biden #firstpost #latestnews #businessnews #worldnews

Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.