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Fed raises key rate by half-point and signals more to come

Por: Los Angeles Times Business December 14, 2022

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The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But the Fed announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing. The Fed boosted its benchmark rate a half-point to a range of 4.25% to 4.5%, its highest level in 15 years. Though smaller than its previous three-quarter-point... + full article



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