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The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the...
The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years.
Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle inflation lower by cooling the American economy.
The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday to the highest level in 22 years as it left the door open to further increases this year.
Federal Reserve officials raised interest rates by three-quarters of a percentage point on Wednesday, but what they said about the future was even more significant — and could herald a painful...
Bedeviled by high inflation, Federal Reserve hikes interest rate by 0.75% again. The central bank hopes to curb spending, investment and borrowing in order to cool off further price increases...
The Federal Reserve raised interest rates by a quarter of a point, its 10th straight increase, as inflation remains stubbornly high. The increase may be its last for now, as policymakers...
The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in more than three decades to tame high inflation.
Federal Reserve raises interest rates by an additional 25 bps. WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing...
The Federal Reserve raised interest rates Wednesday for the first time since 2018, kick-starting its efforts to tackle the country's highest inflation in four decades.