Market View: US Federal Reserve raises key lending rates by 75 basis points, Hybe, Robinhood, Sinovac
Your Money with Michelle Martin · MONEY FM 89.3
June 16, 20227m 38s
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Show Notes
The US Federal Reserve raised its key lending rate by 75 basis points overnight. That’s three times larger than the Fed’s standard increase and it brings the Federal Funds Rate to a trading range of 1 and a half to 1.75 percent! So what does the largest US rate hike in nearly 30 years mean for stocks, bonds, oil prices and your finances? Michelle Martin tells us all about it.
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