Stock market takes steep plunge after latest interest rate hike
Faced with historic inflation, the Federal Reserve has hiked interest rates to drive prices lower, but the move could slow spending and increase the chance of a recession.
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Federal Reserve hikes interest rates
ABC News business reporter Alexis Christoforous explains the biggest interest rate hike in nearly three decades and how it’s intended to fight inflation. WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch More on http://abcnews.go.com/…
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Fed raises interest rates by 0.75% in effort to curb inflation
The Federal Reserve announced its biggest interest hike in nearly three decades on Wednesday as fears of a recession continue to mount.
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Federal Reserve hikes interest rate by 0.75%
The rate hike of 0.75% marks the largest increase since 1994.
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Dow Jones drops more than 1,000 points after Federal interest rate hike l ABCNL
ABC News financial contributor Alexis Christoforous says the Federal Reserve raising interest rates will have an impact on many aspects of our economy, including auto loans and savings accounts. WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC…
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Federal reserve announces largest rate hike in 22 years
Federal Reserve Chairman Jerome Powell announced that the interest rate will increase a half-point, which is the second hike of seven expected increases this year.
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Interest rates see the highest increase since 2000 l ABCNL
The Federal Reserve has raised interest rates and ABC News financial contributor Alexis Christoforous breaks down what that means for inflation and the economy. WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch More on…
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What can the government do to stop or slow inflation?
Experts say the main driver of high inflation is consumer demand outweighing the available supply.
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