Interest rates are going up. In the most aggressive rate hike since 1994, the Federal Reserve yesterday agreed to raise interest rates three quarters of a percentage point. And Fed officials gave some indication of what they’re expecting for our economy for the rest of the year.

• Plus, the Biden administration’s order to protect LGBTQ rights
• And, an FDA panel endorses vaccines for our youngest children

Guests: Axios' Neil Irwin and Orion Rummler, reporter at the 19th.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, 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:

• Fed steps up campaign against inflation with 0.75 point rate hike
• Biden signs "historic" executive order to protect LGBTQ people