Fed Signals Earlier Interest-Rate Hike

P.M. Edition for June 16. The Federal Reserve has been holding its benchmark interest rate near zero since last spring, when the pandemic caused the sharpest economic contraction in decades. Now that the economy is rebounding and inflation is rising, the Fed says it could raise interest rates in 2023. Economics reporter Kate Davidson joins host Annmarie Fertoil to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices