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

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Axios podcast host Niala Boodhoo digs deep with leaders you know — or need to know — in business, politics and culture. Every week, all in under 20 minutes. About Axios: Axios is a digital media company launched in 2017. Axios helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.  About Niala Boodhoo: Niala Boodhoo is the host of 1 big thing and previously hosted Axios Today She was the founding Host and Executive Producer of the award-winning news program The 21st. An alum of Reuters, The Miami Herald and WBEZ/Chicago, Niala was a 2019-2020 Knight-Wallace fellow.