The Federal Reserve has taken/implemented/adopted a measure/step/action to combat/mitigate/reduce inflation by hiking/increasing/augmenting interest rates. This decision/move/action comes as economic/financial/marketplace indicators continue to demonstrate/reveal/indicate persistent inflationary pressures/trends/forces. The Fed's objective/goal/aim

On Wednesday, the Federal Open Market Committee announced its latest decision on interest rates. In a highly anticipated move, the committee decided to raise interest rates by 0.25 percentage points. This hike marks the tenth rate rise since March 2022 as the Fed attempts to control persistent inflation. The market reacted swiftly to the announcem