The Federal Reserve has taken/implemented/adopted a measure/step/action to combat/mitigate/reduce inflation by hiking/increasing/augmenting interest rates. This decision/move/action comes as economic/financial/marketplace indicators continue to demonstrate/reveal/indicate persistent inflationary pressures/trends/forces. The Fed's objective/goal/aim

On Wednesday, the Federal Open Market Committee disclosed its latest decision on interest rates. In a highly anticipated move, the committee opted for an increase in interest rates by one-fourth percent. This adjustment marks the tenth rate rise since March 2022 as the Fed seeks to curb persistent inflation. The market reacted swiftly to the annou