NJ Spotlight News

Business Report: Fed raises interest rates again

Clip: 07/27/2022 | 2m 56s

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The Federal Reserve’s decision to again aggressively raise interest rates by 3/4 of a percentage point comes at a pivotal time for the economy, with surging inflation causing hardship for both consumers and businesses. But by increasing interest rates, the Federal Reserve runs the risk of slowing the economy too much and potentially tipping it into recession.

Aired: 07/27/22 | Rating: NR

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