Breaking: Federal Reserve raises key interest rate to tame soaring inflation

The Federal Reserve raised interest rates by 0.25% on Wednesday after a two-day policy meeting -- the first time since 2018 that the central bank has hiked interest rates in an effort to get inflation under control.

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MARCH 16, 2022 Federal Reserve raises key interest rate to combat inflation   The Federal Reserve raised interest rates by 0.25% on Wednesday after a two-day policy meeting -- the first time since 2018 that the central bank has hiked interest rates in an effort to get inflation under control. Read More Advertisement

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