Fed to announce historic rate hike

The Federal Reserve is expected to raise its benchmark rate by three quarters of a point, the largest increase since 1994, in an effort to stave off inflation. ABC News’ Ike Ejiochi reports.

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20 thoughts on “Fed to announce historic rate hike

  1. WHAT DO YOU MEAN THERE ISNT ENOUGH MONEY IN THE WHOLE WORLD TO PAY YOUR INTEREST!!!!!! WAS IT TRIANGULATION OR STRANGULATION!!!!! IF I SEE A SNAKE IM GOING TO KILL IT ITS ALREADY BUILT IN… FEDERAL RESERVE YOUR PRICING YOURSELVES INTO EXTINCTION. DONT TREAD ON ME!!!!!!!

  2. I've noted that the Fed increases or decreases interest rates in quarter percent increments. I have yet to see a different amount. Is the Fed's understanding of the economy not good enough to make finer adjustments?

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