Fed raises interest rates a quarter point
The Federal Reserve’s decision on Wednesday to raise interest rates for the ninth time since last March comes amid turmoil in the banking sector. Fed Chairman […]
Tags: Jerome Powell
Economy shrinks, Fed raises rates
Federal Reserve voted to raise interest rates on Wednesday.
Inflation hits 40-year high in June
Federal Reserve expected to raise key short-term interest rates again.
Fed interest rate hike largest since 1994
Short-term borrowing rate now ranges from 1.5% to 1.75%, but could double by year’s end.