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ColumnsWall Street Today | Fed raises interest rate by half point, ratcheting up its inflation fight
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· Fed Raises Interest Rate by Half Point, Ratcheting Up Its Inflation Fight
The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in a double-barreled effort to reduce inflation that is running at a four-decade high.
The moves, announced after a two-day policy meeting Wednesday, will raise t...
· Fed Raises Interest Rate by Half Point, Ratcheting Up Its Inflation Fight
The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in a double-barreled effort to reduce inflation that is running at a four-decade high.
The moves, announced after a two-day policy meeting Wednesday, will raise t...
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