Rebuilding Brooklyn
News12 New York
Where to Watch
Download the App
Local
Crime
Weather
Taking Action
beWell
The East End
Crime Files

Fed unleashes another big rate hike in bid to curb inflation

The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.

Associated Press

Jul 27, 2022, 5:24 AM

Updated

Share:

More Stories

More Stories

More From News12

App StoreGoogle Play Store

info

Newsletter

Send Photos/Videos

Contact

About Us

News Team

News 12 New York

follow us

Twitter

Facebook

Instagram

more resources

Optimum Corporate

Optimum Service

Advertise on News 12

Careers

Content Removal Policy

© 2026 N12N, LLC

Privacy Policy

Terms of Service

Ad Choices