U.S. - #USA #Inflation #FederalReserve Soaring US inflation prompts Fed to hike up interest rates | DW News

 

27 January 2022

 

The US Federal Reserve will begin raising interest rates in March. It's a departure from pandemic-era polices that have been in place since March, 2020, pegging the benchmark rate to zero. Fed Chairman Jerome Powell says the move is designed to temper economic growth. 

 

Americans have seen decades-high inflation rates lately, eating into wage gains and household budgets. The Fed Chairman added that he thinks there is quite a bit of room to raise rates "without threatening the labor market."

 

 

As an Amazon Associate I earn from qualifying purchases."

Amazon.com - Amazon.co.uk - Amazon.es

Custom Photo WebsitesCheapOair®! Book Your Next Trip With Ease. Price Match Promise On 600+ AirlinesNow you can travel today and pay later! By selecting to pay with Affirm at checkout
Spain Costa del Sol Spain Malaga / McArthurGlen Shopping Center / Puerto Cabo Pino / Fuengirola / Antequera e-commerce & motorsport