1 big thing

The Fed gets aggressive on inflation

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Interest rates are going up. In the most aggressive rate hike since 1994, the Federal Reserve yesterday agreed to raise interest rates three quarters of a percentage point. And Fed officials gave some indication of what they’re expecting for our economy for the rest of the year.

  • Plus, the Biden administration’s order to protect LGBTQ rights
  • And, an FDA panel endorses vaccines for our youngest children

    • Guests: Axios' Neil Irwin and Orion Rummler, reporter at the 19th.

    Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

    Go Deeper:

    • Fed steps up campaign against inflation with 0.75 point rate hike
    • Biden signs "historic" executive order to protect LGBTQ people
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