Economic Pain Heaviest for the Poor: Analyst

Don Ma
By Don Ma
September 21, 2022NTD Business

The Fed raised its key interest rate again amid historically high inflation. Its stated goal is to slow the economy down enough to bring down prices, but not put the country into an economic crisis. Wednesday’s rate increase was three-quarters of a percentage point, the same as the last two hikes.

NTD spoke with Joseph Trevisani, senior analyst at FX Street, about the rate hike.

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