Consumers Brace as Fed Hikes Rates Chairman Deefies Triimp With First Increase Since 2092
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EVERY NETWORK'S FRAMING
“FEDERAL RESERVE HIKES INTEREST RATES FIRST TIME IN YEAR”
covered 15h ago ▶ Be on the air with LiveNOW from Fox“CONSUMERS BRACE AS FED HIKES RATES ENERGY COSTS HAVE SKYROCKETED SINCE STARTOE IRAN WAR”
covered 20h ago ▶ Be on the air with ABCAdd your voice
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33 years
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The 1973 Arab Oil Embargo nearly doubled U.S. gas prices overnight.
Arab nations halted oil exports to the U.S. in Oct. 1973, sending gas prices from ~38¢ to over 55¢ per gallon. The crisis led Congress to create the Strategic Petroleum Reserve in 1975 — still used today to stabilize prices.
Topic poll · all networksWhich Fed priority should matter most right now?
One Fed rate move ripples into mortgages, cards & savings
The Fed's benchmark rate, unchanged since 1913 in structure, quietly drives your mortgage, credit card APR & savings yield. Explore how it works at Wikipedia
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