Fed Raises Rates to Try to Tame Inflation: Live Economy News Updates

Federal funds target rate

Federal funds

target rate

Federal funds target rate

Federal funds

target rate

Federal funds

target rate

The Federal Reserve raised interest rates by a half percentage point and announced a plan to shrink its massive bond holdings, decisive measures aimed at tamping down the fastest inflation in four decades.

Wednesday’s move marked the Fed’s largest interest rate increase since 2000, and Chair Jerome H. Powell signaled at a news conference following the meeting additional half…

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