The FED announced today its decision to raise interest rates by an additional 75 basis points

U.S. interest rates have returned to pre-pandemic levels as the Federal Reserve attempts to address soaring inflation rates. The central bank announced the move at Wednesday’s Federal Open Market Committee. After the 0.75 percent hike, U.S. interest rates are currently between 2.25 percent and 2.5 percent, the highest level seen since the start of the […]