Federal Reserve raises interest rates for the fourth time this year

The Federal Reserve took an aggressive step on Wednesday to combat rising inflation with the announcement of another larger-than-normal, three-quarters percentage point rate hike. The rise comes as central bank officials face a tough balancing act: lowering rising prices amid growing concerns about an economic downturn. The latest hike brings the federal fund rate between … Read more

Federal Reserve raises interest rates for the fourth time this year

The Federal Reserve took an aggressive step on Wednesday to combat rising inflation with the announcement of another larger-than-normal, three-quarters percentage point rate hike. The rise comes as central bank officials face a difficult balancing act: lowering rising prices amid growing concerns about an economic downturn. The latest hike brings the federal fund rate between … Read more