Inflation nation: The Fed raises rates, again

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To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices.

The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that in ...

Inflation in the United States is rising at its fastest rate so far this century. At 4 percent, according to one index, it is double the Federal Reserve’s target.

We look at why prices are on the rise and at the tense political moment they have created.

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