Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation

WASHINGTON — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months as part of its ongoing drive to curb inflation. But it provided little guidance about when — or whether — it might hike rates again. Wednesday’s move raised the Fed’s benchmark short-term rate…#federalreserve #jeromepowell #dianeswonk #kpmg #christopherwaller #boardofgovernors #lorielogan #federalreservebank #dallas #europeancentralbank

Source: Reuters: Health - July 26, 2023 Category: Consumer Health News Source Type: news