How Raising Interest Rates Helps Fight Inflation

Por: Time Business November 03, 2022

It’s been a difficult year for the U.S. economy. While consumer spending remains strong, and there are nearly twice as many open jobs as people looking for work, inflation is at its highest level in decades. But the Federal Reserve, which sets the nation’s monetary policy, took another step in its attempt to curb those economic strains on Wednesday by raising interest rates three-quarters of a percentage point for the fourth time this year.... + full article

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