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NJ Spotlight News | Business Report: Fed raises interest rates again | Season 2022


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Federal Reserve makes aggressive rate hike at pivotal time for the economy

The video at the provided URL is a business report segment from PBS NewsHour, focusing on recent economic developments. It discusses the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing negotiations between the White House and congressional leaders to raise the debt ceiling to prevent a default on U.S. government obligations. Additionally, it highlights the strong performance of the U.S. job market, with unemployment claims dropping to their lowest level in months, and provides insights into the impact of these economic factors on various sectors, including technology and housing.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1658950931/ ]

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