NJ Spotlight News
Business Report: Fed raises interest rates again
Clip: 7/27/2022 | 2m 56sVideo has Closed Captions
Federal Reserve makes aggressive rate hike at pivotal time for the economy
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.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Fed raises interest rates again
Clip: 7/27/2022 | 2m 56sVideo has Closed Captions
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.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS