The Federal Open Market Committee of the Federal Reserve increased its interest rate by half a percentage point on May 4, its second rate hike this year. The inflation rate sits at 8.5%, the highest rate in 40 years, while supply and demand imbalances remain due to pandemic-related supply chain disturbances. The Fed announced that…
https://theticker.org/7821/business/federal-reserve-raises-interest-rates-by-half-percentage/

