The Federal Reserve is set to increase interest rates by half a percentage point, marking the largest rate hike since the 2000s. The central bank aims to keep inflation around 2%, but increased consumer spending and government stimulus after the pandemic caused inflation to surge to 8.5% in March of this year. By raising interest rates, borrowing costs for loans, credit cards, and mortgages will rise, which could lead to reduced consumer spending and, in turn, lower price levels. However, this move has sparked concerns in the financial markets, and the stock market experienced a sharp decline as investors reacted to the potential slowdown in economic growth. Analysts are closely watching how these changes will affect businesses, wages, and overall economic stability in the coming months. Plastic Dish Rack With Cup Holder Plastic Dish Rack With Cup Holder,Dish Drainer Rack,Dish Drainer Tray,Cutlery Drainer Jiangmen Jianghai Jianshang Houseware Co.,LTD. , https://www.jm-jianshang.comEconomy