Wed, Dec 20th, 2023 - 10:03am
March 17, 2022 - 8:05am | By Kyle Cornell
(Washington, DC) -- Prepare for more rate hikes this year.
The Federal Reserve approved a quarter percentage point increase Wednesday, the first in more than three years. This is to fight the highest inflation rate in 40 years, and it doesn't stop there.
Fed officials say they will likely continue raising rates at each of the six meetings to come, with three more hikes next year.