Fed To Announce Biggest Interest Rate Hike In 28 Years

The Federal Reserve is set to announce the biggest interest rate hike in 28 years.

The agency is expected to raise rates by three-quarters of a point on Wednesday, the most since 1994.

It will be the third time the Fed has raised rates this year, as it hopes to slow down the market to prevent inflation from soaring higher.

Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years https://t.co/VNOYavGvI8

— CNBC (@CNBC) June 15, 2022