Fed Makes Its Largest Rate Hike Since 1994

P.M. Edition for June 15. The Federal Reserve is raising interest rates by 0.75 percentage point, its biggest increase in nearly 30 years, as it looks to tamp down soaring inflation. The Fed also signaled it would continue lifting rates at a more aggressive pace in the months ahead. Michael Derby, special writer for WSJ Pro Central Banking, joins host Annmarie Fertoli to discuss the Fed’s latest move and the path ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices