For subscribers
askST: What is the Fed funds rate, and how does it impact you?
Sign up now: Get ST's newsletters delivered to your inbox
The US Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point.
PHOTO: REUTERS
SINGAPORE – The US Federal Reserve has raised its interest rate by 75 basis points, or 0.75 percentage point, as it continues to tame surging inflation. The Straits Times examines why this matters.
Q: What are Fed interest rates, and why are they important?
