The Federal Reserve on Wednesday raised its benchmark interest rate half a point to the highest level in 15 years. See the potential bias and similarities in coverage from cnbc, cnnbusiness and foxbusiness:
The Federal Reserve on Wednesday raised its benchmark interest rate half a point to the highest level in 15 years.It's the Fed's seventh interest rate hike of the year, but a smaller one than the .75 percentage point increases agreed on at each of its last four meetings. The benchmark federal funds interest rate now has a range of 4.25% to 4.5%, the highest it's been since December 2007.
The news was a top story from major news sources across the political spectrum Wednesday afternoon. Some left-rated sources framed the news more positively than center- and right-rated sources did. CNN Business called the move"a smaller increase than in recent months and an acknowledgment that inflation is finally easing." Conversely, CNBC said the move shows"that the fight against inflation is not over despite some promising signs lately.
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