THE FEDERAL RESERVE is expected at its meeting this week to raise its key interest rate by a substantial three-quarters of a point for the third consecutive time. Another hike that large would lift its benchmark rate — which affects many consumer and business loans — to a range of 3% to 3.25%, the highest level in 14 years./. RICK PEDRONCELLI / ASSOCIATED PRESS FILE PHOTO
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively raising interest rates would "bring some pain." On Wednesday, Americans may get a better sense of how much pain could be in store. The Fed is expected at its latest meeting…
Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.
