IN THE NEWS: FOURTH CONSECUTIVE FED HIKE DRIVES INTEREST RATES TO HIGHEST POINT SINCE 2008

Fourth Consecutive Fed Hike Drives Interest Rates to Highest Point Since 2008--The Federal Reserve hiked interest rates dramatically again on Wednesday in an effort to combat the persistent inflation burdening the American economy.  The fed funds rate, the central bank’s benchmark lending rate between banks, was increased three-quarters of a percentage point for the fourth consecutive time, taking the rate to 3.75-4 percent, the highest level since January 2008. MORE AT Fed Hikes Interest Rates | National Review