The Federal Reserve raised interest rates by 0.25 percentage point on July 26, 2023. This is the eleventh time the Fed has raised rates since March 2022. The Fed’s decision comes as inflation has been moderating in recent months, but it still believes that inflation is too high and that further rate hikes are needed to bring it down to its 2 percent target.… Read More How Will the Fed’s Interest Rate Hike Affect the Economy?