Fed lifts rates a quarter point in opening bid to curb inflation

Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018, after two years of holding borrowing costs near zero to cushion the economy from the pandemic.

from Stocks-Markets-Economic Times https://ift.tt/3nWAx8H