FED RAISED KEY INTEREST RATE BY THREE QUARTERS OF A POINT.47224266

FED RAISED KEY INTEREST RATE BY THREE QUARTERS OF A POINT.

- The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession.