The Federal Reserve raised short-term interest rates by a quarter of a percentage point, a widely expected move.
The central bank also indicated that most of its voting members continue to forecast two more rate increases will occur this year.
Here & Now‘s Meghna Chakrabarti speaks with Michael Regan (@Reganonymous) of Bloomberg News about the impact of Wednesday’s decision.
Editor’s Note: The audio atop this post will be updated.
With reporting from The Associated Press
Copyright 2021 NPR. To see more, visit https://www.npr.org.