Federal Reserve Raised Rates… Again

Rates are expected to continue rising as long as inflation stands as a threat to the economy.

The Federal Reserve previously announced plans to raise interest rates again.

Rates were raised by a quarter point which marks the smallest rate hike since March of last year.

The Fed has previously raised rates by a half-point twice and a historically high three-quarters of a point four times to battle inflation.

Rates are expected to continue rising as long as inflation stands as a threat to the economy.