Fed approves 0.25% hike, softening rate increases again

(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.25%, the central bank's second consecutive decision to slow rate increases while extending an effort to cool the economy and dial back inflation.The Fed has put forward a string of... Read More.

Federal Reserve approves 0.5% hike, slowing rate increases

(WASHINGTON) -- The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an effort to cool the economy and dial back inflation.The increase in borrowing costs matched economist predictions.The latest rate... Read More.