Inflation nation: The Fed raises rates, again

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America’s Federal Reserve made its third straight 0.75% <a href="https://www.economist.com/finance-and-economics/2022/09/21/as-america-raises-rates-the-rest-of-the-world-bears-the-pain?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery. ...  Show more

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 ...

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For over a decade, America’s central bank has had an inflation target of 2%. On Wednesday, the Federal Reserve announced that it would keep its main interest rate unchanged in order to try and get inflation to that magic number. But what if the Fed is thinking about inflation all ...  Show more