US Federal Reserve raises key interest rate by half a percentage point, its biggest hike since 2000 - Shahpur Turk CSC - Common Service Centre in Sonipat US Federal Reserve raises key interest rate by half a percentage point, its biggest hike since 2000

06 May 2022

US Federal Reserve raises key interest rate by half a percentage point, its biggest hike since 2000

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.

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