Fed hikes its benchmark interest rate by 0.75 percentage point
Jason2022-06-16T14:00:29-05:00June 16, 2022 Overall economic activity has seemingly improved when compared the first quarter of 2022, with increased job gains and low unemployment. Inflation, however, remains elevated due to supply and demand imbalances from the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia has led to upward inflationary pressures