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Fed Raises Key Interest Rate to Highest Level in 16 Years, Signals Rate Hikes Pause

Divya Bharat May 3, 2023 auto loans, banking industry, benchmark rate, borrowing, borrowing limit, business loans, businesses, central bank, Christine Lagarde, consumer spending, Consumers, core inflation, credit card borrowing, debt limit, energy prices, European Central Bank, Federal Reserve, food costs, Gas prices, high inflation, inflation, inflation figures, interest rate, Janet Yellen, job market, lending, long-term bonds, manufacturing, mortgage rates, policy meeting, rate hikes, recession, rental costs, spending cuts, supply chain, Treasury Secretary, U.S. growth

Fed Raises Key Interest Rate to Highest Level in 16 Years, Signals Rate Hikes Pause

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to

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