Here Come The Rate Hikes!

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.