The Federal Reserve is preparing to tackle soaring inflation with a more decisive approach and has announced the first double-size rate increase in 20 years. The move could have an enormous impact on economic growth and affect the pockets of millions in the U.S. The Federal Reserve HikeAs reported by CNBC, the Fed has announced a two-decade record interest rate hike as inflation soared to a 40-year record high in March. With this, the central banking system wants to release inflationary pressure and close in on growing consumer prices. Q1 2022 hedge fund letters, conferences and more Despite h…