Federal Reserve Hikes Interest Rates Up 0.25 Percent, Smallest Increase in Almost a Year ...Middle East

The Federal Reserve announced an interest rate hike of 0.25 percent Wednesday, the smallest increase since it began ramping rates up in March.Inflation has fallen slowly but steadily over the past six months, particularly from October to December. The Fed has been on a tear to get interest rates high enough to discourage people from spending money, slowing the economy down in turn. The central bank only began easing its rate hikes in December.The risk is that growth will slow while prices and borrowing rates stay high, sending the economy into a recession. “Inflation has eased somewhat but remains elevated,” the Fed said in a statement. However, “recent indicators point to modest growth in s

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