Federal Reserve with possible rate hike on Wednesday, September 21 –

Read Time:54 Second

SAN DIEGO (KUSI) – The Federal Reserve is likely to raise interest rates on Wednesday, Sept. 21, by 0.75 percentage points for the third straight time in six months.

With inflation at its highest level in four decades, the Fed was spurred into action. By raising interest rates, they hope to slow the economy and lower prices. However, this threatens to reduce overall investment, which could have a negative impact on the economy. The stock market has already fallen in anticipation of the announced rate hike.

Sally, co-host of “On the Air with Sally and Little Tommy,” joined KUSI’s Lauren Feeney to discuss the interest rate hike and how it’s expected to affect Californians.

Source by [author_name]

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post The perceived ability to manage debt is linked to mental health problems in the UK during the pandemic
Next post The Washington Monument is closed after being vandalized with profanity and red paint