For more:
https://news.cgtn.com/news/2022-06-16/U-S-Fed-imposes-biggest-rate-hike-since-1994-1aUqRTSHO7u/index.html
The U.S. Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike since 1994 — and signaling more large rate increases to come that would raise the risk of another recession.
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