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Fed hikes interest rates to fight inflation

Name: Fed hikes interest rates to fight inflation
Uploaded: 2022-05-04T18:31:00-0400
Duration: 2 min 58 s
Description: The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.

The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.