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 revealed its latest decision on interest rates. In a highly anticipated move, the committee opted for an increase in interest rates by 0.25 percentage points. This increase marks the ninth rate rise since March 2022 as the Fed seeks to curb persistent inflation. The market reacted swiftly to the anno