September 30, 2022
World

Federal Reserve expected to hike interest rates for fifth time this year to quell inflation

federal-reserve-expected-to-hike-interest-rates-for-fifth-time-this-year-to-quell-inflation

As President Biden sets off to attend the U.N. General Assembly in New York Tuesday, the Federal Reserve is expected to hike interest rates again on Wednesday in an effort to quell high inflation. Nancy Cordes reports from the White House.