Why does the Fed raise interest rates? And how do those hikes slow inflation?

Why does the Fed raise interest rates? And how do those hikes slow inflation?

Business
September 20, 2022 by secret
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[ad_1] Americans are still contending with higher food, gas and rent costs. While annual inflation slowed in August, it remained high at 8.3 percent, which was near a 40-year record. While annual inflation slowed in August, it remained high as 8.3%, which was near a 40-year record. At its last meeting in July, the Federal Reserve