Federal Reserve raises its key rate by a sizable half-point, accelerating its drive to tame surging inflation

Federal Reserve raises its key rate by a sizable half-point, accelerating its drive to tame surging inflation

ByThe Associated Press
May 04, 2022, 2:00 PM
PHOTO: The Marriner S. Eccles Federal Reserve building stands in Washington, May 4, 2022.
The Marriner S. Eccles Federal Reserve building stands in Washington, May 4, 2022.
Jim Watson/AFP via Getty Images

WASHINGTON -- Federal Reserve raises its key rate by a sizable half-point, accelerating its drive to tame surging inflation.

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