{"id":81802,"date":"2022-06-16T01:00:51","date_gmt":"2022-06-16T05:00:51","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81802"},"modified":"2022-06-16T00:32:43","modified_gmt":"2022-06-16T04:32:43","slug":"fed-hikes-its-benchmark-interest-rate-by-0-75-percentage-point-the-biggest-increase-since-1994","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2022\/fed-hikes-its-benchmark-interest-rate-by-0-75-percentage-point-the-biggest-increase-since-1994.html","title":{"rendered":"Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994"},"content":{"rendered":"\n<p>(CNBC) The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to <a href=\"https:\/\/www.cnbc.com\/2022\/06\/15\/real-time-updates-of-the-feds-big-rate-decision-and-powells-press-conference.html\">the most aggressive hike since 1994<\/a>. Ending weeks of speculation, the rate-setting Federal Open Market Committee took the level of its benchmark funds rate to a range of 1.5%-1.75%, the highest since just before <a href=\"https:\/\/www.cnbc.com\/coronavirus\/\">the Covid pandemic<\/a> began in March 2020.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/06\/15\/fed-hikes-its-benchmark-interest-rate-by-three-quarters-of-a-point-the-biggest-increase-since-1994.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994. Ending weeks of speculation, the rate-setting [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81802","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81802"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81802\/revisions"}],"predecessor-version":[{"id":81803,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81802\/revisions\/81803"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}