The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. June 15, 2022 Federal Reserve Prepared to Hike Interest Rates as S&P Slump Continues ---------------------------------------------------------------------- The Federal Reserve is expected to issue today its largest interest rate hike since 1994 to combat rising inflation. This comes as the S&P 500 dropped nearly 4% on Tuesday. The stock index has fallen by 20% since January. .