1 big thing

The Fed hikes interest rates for the 11th time

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The Fed hiked interest rates by 0.25% on Wednesday, bringing them to the highest level in 22 years. Fed economists also said that given the recent resilience of the economy, they are no longer forecasting a recession.

  • Plus, what more AI means for low-wage work.
  • And, singer-songwriter Sinead O’Connor dead at age 56.

    • Guests: Axios' Courtenay Brown and Emily Peck.

    Credits: Axios Today is produced by Felix Salmon, Alexandra Botti, Fonda Mwangi, 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.

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    • Fed hikes interest rates to 22-year high
    • The Bald Power of Sinead O’Connor
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