Another big Fed rate hike is here to battle inflation. Economy hangs in balance

With costs rising at their fastest pace in a generation, the Federal

Reserve is ratcheting up its fight in opposition to inflation

On Wednesday, the Fed raised its benchmark interest charge with the

aid of an extra 3-quarters of a percentage point. This is the fourth time the central bank

It follows an increase of the same size in June — charge hikes at this

pace and significance have not happened because the overdue 1980s

Despite these fast and furious moves, the important financial institution has

its paintings cut out for it. Its goal is to rein in inflation with out kickstarting

The hard work marketplace is extraordinarily tight, and inflation is

much too high," Fed Chair Jerome Powell stated at a news conference, wherein