The rate hike, which is the largest since 1994, is an effort to stave off inflation and slow the economy.
SUBSCRIBE to ABC News: https://bit.ly/2vZb6yP
WATCH MORE on http://abcnews.go.com/
LIKE ABC News on FACEBOOK: https://www.facebook.com/abcnews
FOLLOW ABC News on TWITTER: https://twitter.com/abc
#ABCNews #federal #interestrates #inflation
