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Why the Fed’s 0.5% rate hike is significant

Duration: 09:04Views: 76KLikes: 651Date Created: May, 2022

Channel: CNN

Category: News & Politics

Tags: federal reserve bankcnnjerome powellus federal reservehappening nowvictor blackwelllending rateslatest newsmarc stewartus economyinterest rates inflationmatt egannewsroomcatherine rampell

Description: The Federal Reserve said it will raise interest rates by 0.5%, the highest percentage-point hike in more than two decades. The move comes as the US economy faces rising inflation and recession threats. CNN's Matt Egan reports. #CNN #News

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