Money The Daily Money: The reason behind the Fed’s biggest rate hike since 1994 June 16, 2022June 16, 2022Brett Molina, USA TODAYComments Off on The Daily Money: The reason behind the Fed’s biggest rate hike since 1994 Today, we explain the reason behind the Fed's biggest rate hike since 1994 and bust the myth that using your phone at the pump can cause an explosion.