Federal Reserve raises rates by 75 basis points as it ramps up fight against inflation

Name: Federal Reserve raises rates by 75 basis points as it ramps up fight against inflation
Uploaded: 2022-07-27T18:05:01.000Z
Duration: 1 min 10 s
Description: CNBC’s Steve Liesman reports on the Federal Reserve’s decision to raise its benchmark interest rate by 75 basis points, the fourth rate hike since March 2022. The central bank has been waging an aggressive fight against historic inflation.

CNBC’s Steve Liesman reports on the Federal Reserve’s decision to raise its benchmark interest rate by 75 basis points, the fourth rate hike since March 2022. The central bank has been waging an aggressive fight against historic inflation.

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Wed, Jul 27 20222:05 PM EDT