financial

Federal Reserve Bank Board Chairman Jerome Powell announced Wednesday that the bank is raising interest rates by three-quarters of a percentage point, the sixth increase this year and the fourth time in a row at rates this high. (Chip Somodevilla/Getty Images)

The Fed raises interest rates again, signals more coming despite pressure to slow the pace

BY: - November 2, 2022

The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4%. Federal Reserve Chair Jerome Powell said during a press conference following the announcement that the “historically fast pace” of […]