The Federal Reserve signals a bevy of rate hikes coming as the economy teeters on the brink of recession.

Ukrainian President Vladimir Zelenskyy begs for more help as the Russian offensive continues to stall.

And the Biden administration keeps reaching out to Iran.

I'm Ben Shapiro. This is The Ben Shapiro show.

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While the Federal Reserve finally did what everybody expected it to do, and they raised

the interest rates yesterday by a mere 0.25%. That is not going to do it in terms of curbing inflation.

It is signaling to the market that there will be a steady increase in the interest rates,

that it's going to be 0.25 percentage points every time they're going to do this very incrementally. But they're going to do it six more times by the end of the year, which would put the interest rates at about 1.5, 1.75% if they are on track. That is significantly higher than it is now. It is well below what it would need to be in order to curb inflation, considering that inflation rates right now are running so hot that they're probably in double digits year over year. According to the Wall Street Journal, Federal Reserve officials voted Wednesday to lift interest rates and penciled in six more increases by year's end, the most aggressive pace in more than 15 years in an escalating effort to slow inflation that is running at its highest levels in four decades. The Fed will raise its benchmark federal funds rate by a quarter percentage point to a range

between 0.25% and 0.5% that is the first rate increase since 2018.

Official signaled, they expect to lift the rates nearly 2% by the end of the year,

slightly higher than the level that prevailed before the pandemic hit the United States economy

two years ago when they slashed rates to near zero.

Now, you should remember that what that means is that when they slashed rates to near

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