All eyes will be on the Federal Reserve Wednesday. It could take more action against soaring inflation with its biggest interest rate hike in more than two decades. Siafa_Lewis reports
PHILADELPHIA — All eyes will be on the Federal Reserve Wednesday. It could take more action against soaring inflation with its biggest interest rate hike in more than two decades.
It’s a delicate balancing act for the Federal Reserve. By raising interest rates to control inflation, they could actually tip the country into a recession.With the national average for a gallon of gas now topping $5, many families are taking a hard look at their budgets.Stock prices have been in freefall as investors and businesses prepare for Wednesday’s fed decision, and 401k and other retirement accounts are taking a hit.Financial expert Suze Orman says it’s unclear how long it will last.
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