Business

Fed raises rates in search of ‘timelier’ drop in inflation, sees more tightening ahead

  By Reuters and published by Yahoo!News WASHINGTON: The Federal Reserve raised interest rates on Wednesday (Sep. 17) and flagged more hikes in the coming months, with new US central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration’s inability so far to control inflation that policymakers worry could worsen.

Read more