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US Federal Reserve hikes interest rate to highest level since 2007

By France24
03 February 2023   |   1:13 pm
With the latest increase, the Fed's target interest rate is set in a range between 4.50% and 4.75% — its highest level since late 2007. The Fed has been rapidly hiking rates since March of 2022 in a bid to snuff out persistent inflation.

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