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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.