FEDERAL RESERVE ADJUSTS INTEREST RATES AMID INFLATION CONCERNS

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 increased interest rates by a quarter of a point. This increase marks the ninth rate rise since March 2022 as the Fed continues to combat persistent inflation. The market reacted swiftly to the announcement,