The Fed hikes interest rates for the 11th time

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 podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go deeper: Axios Today Survey Fed hikes interest rates to 22-year high The Bald Power of Sinead O’Connor Learn more about your ad choices. Visit megaphone.fm/adchoices