The Fed Raises Interest Rates For First Time In Four Years

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Setting interest rates in 2022 is akin to a high-wire stunt straight out of Mission: Impossible. Running interference is skyrocketing inflation in an economy still recovering from one global crisis (the pandemic) while shouldering the seismic ripples of the next (Russia's invasion of Ukraine).

On Wednesday, the US Federal Reserve announced its plans to tackle the challenge, which include raising interest rates for the first time since 2018 and penciling in further increases later this year. An outcome that surprised no one, yet still managed to send equities skyward.

Source Fool.com