Channel: CBN News

Category: News & Politics

Tags: worst inflationsignalingrising interest rateshalf-percentagefaithshort-termpointfaith storiesrising inflationhikesinterestratechristian tvwednesdayfightraisingbiggest jumpmovelargemost aggressiveto comejerome powell200040 yearsbenchmarkinspirational storieschristian storieschristian newsassociated presscbnnewsyoutubefederal reservefaith news

Description: WASHINGTON (AP) - The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday - its most aggressive move since 2000 - and signaling further large rate hikes to come. The increase in the Fed's key rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago. Read the full story: www1.cbn.com/cbnnews/us/2022/may/fed-raises-key-rate-by-a-half-point-in-bid-to-tame-inflation Download the free CBN News App: cbnnews.com/app SUBSCRIBE to the CBN News Channel for more: youtube.com/c/CBNnewsonline/?sub_confirmation=1 What's coming up next? Have a look at our program guide: youtube.com/redirect?q=http%3A%2F%2Fwww1.cbn.com%2Fcbnnews%2Fnewschann&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description CBN features 24-hour TV news from a Christian perspective. The CBN News Channel provides independent news programming to an underserved audience to enlighten, entertain and inspire Christians around the world. Comments below do not necessarily reflect the views of CBN. Share this live feed with your friends and family: youtube.com/c/CBNnewsonline Like us on Facebook: facebook.com/cbnnews Like us on Twitter: twitter.com/CBNNews Follow us on Instagram: instagram.com/cbnnews Contact News Editors: youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2Fcontact%2Fcontact-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description Questions about other CBN programs: youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2Fcontact%2Fcontact-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description Questions about supporting CBN? www1.cbn.com/cbn-partners (and) youtube.com/redirect?q=https%3A%2F%2Fsupport.google.com%2Fyoutube%2F%3Fp&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description Questions about Helping the Home Front? Call: 757-226-2333 youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2F700club%2Fhelping-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description #breakingnews #politicalnews #christiannews #christian #christianity #church #breakingnews #cbnnews