2022.06.16 14:01 GMT+8

U.S. Fed imposes biggest rate hike since 1994

Updated 2022.06.16 14:01 GMT+8
CGTN

The U.S. Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike since 1994 — and signaling more large rate increases to come that would raise the risk of another recession.

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