As Americans brave 40-year high inflation, the Federal Reserve is continuing its efforts to rein in prices by jacking up interest rates. The Fed is expected to announce another hike at the end of its 2-day Federal Open Market Committee meeting Wednesday, at 2 p.m. ET. The FOMC is the body within the Fed that decides monetary policy, including interest rates. Further hikes are expected at committee meetings scheduled in September, November, and December. Swipe ➡ for what you need to know about the hike. Click the link in our bio for more information.