The Fed is getting ready to raise interest rates

CNN published this video item, entitled “The Fed is getting ready to raise interest rates” – below is their description.

CNN’s Matt Egan breaks down why future interest rate hikes by the Federal Reserve signals that the US central bank is stepping up its fight against inflation. #CNN #News

CNN YouTube Channel

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About This Source - CNN

The video item below is a piece of English language content from CNN. CNN is an American news-based pay television channel owned by CNN Worldwide, a unit of the WarnerMedia News & Sports division of AT&T-owned WarnerMedia. CNN was founded in 1980 by American media proprietor Ted Turner as a 24-hour cable news channel.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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