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Fed approves 0.25% hike, softening rate increases again

(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.25%, the central bank's second consecutive decision to slow rate increases while extending an effort to cool the economy and dial back inflation.The Fed has put forward a string of... Read More.

Federal Reserve approves 0.5% hike, slowing rate increases

(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an effort to cool the economy and dial back inflation.The increase in borrowing costs matched economist predictions.The latest rate... Read More.

Federal Reserve approves 0.5% hike, slowing rate increases

(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an effort to cool the economy and dial back inflation.The increase in borrowing costs matched economist predictions.The latest rate... Read More.

Federal Reserve approves another 0.75-point rate hike

(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.75% to slow key areas of the economy and tame inflation, which is at a 40-year high.The central bank said its new target range is 3.75%-4%, the highest level... Read More.