Report: Federal reserve Raises Interest Rates

The Federal Reserve said on Wednesday that it would raise interest rates by a half point for the first time in two decades as policymakers ramp up their fight to cool red-hot inflation, a move that threatens to…


FED Pushes Interest Rate Overhaul Amid Inflation Crisis

St. Louis Federal Reserve President James Bullard said Friday the U.S. central bank needs to raise interest rates much faster in order to combat the hottest inflation in four decades – or risk losing its credibility. Bullard was…