Fed raises benchmark interest rate to 22-year high 02:23. After briefly pausing its war on inflation last month, the Federal Reserve is resuming the battle by hiking its benchmark interest rate to ...

US markets soared higher on Wednesday afternoon following the Federal Reserve’s final policy decision of the year. The Dow rose 1.4%, closing at 37,090.24 and blazing past its previous record ...

The Federal Reserve on Wednesday said it is once again turning to its most powerful weapon to tamp down the hottest inflation in 40 years: Boosting interest rates. The central bank raised its ...

The Federal Reserve delivered another interest rate hike on Wednesday, raising rates to the highest level since 2001 as it tries to crush high inflation. Fox Business. Personal Finance.

The decision arrives a day after fresh inflation data exceeded expectations. The Federal Reserve paused its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive ...

This is the fourth 0.75% rate increase of 2022. 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 ...