More Rate Hike: US Fed Embraces 50-bps Rate Hikes in June, July to Curb Inflation

This month's 50-basis-point hike in the Fed's benchmark overnight interest rate was the first of that size in more than 20 years, and 'most participants' judged that further hikes of that magnitude would 'likely be appropriate' at the Fed's policy meetings in June and July

from Top Business News- News18.com