Home Economy Fed Raises Rates Half a Point as It Tries to Tame Inflation

Fed Raises Rates Half a Point as It Tries to Tame Inflation

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Federal funds target rate

Federal funds

target rate

Federal funds target rate

Federal funds

target rate

Federal funds

target rate


The Federal Reserve ramped up its attack on rapid inflation on Wednesday, approving its biggest interest rate increase since 2000, detailing a plan to shrink its massive bond holdings and signaling that it will continue working to cool the economy as it tries to tamp down the fastest price increases in four decades.

Yet investors found a reason for relief. While the Fed raised interest…

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