Dow SP 500 Finish Higher. 7 hours agoFed unleashes another big rate hike in bid to curb inflation Ponder the slice of the optimism index that looks at consumer expectations. Jyxw7344ehv4qm The federal funds rate now sits at a range of 225 to 25. . The central banks decision follows a jump in. 16 hours agoFederal Reserve Raises Interest Rates By 075 Percentage Point. 11 hours agoThe Feds policy rate which trickles out through the economy to affect other borrowing costs is now set to a range of 225 to 25 percent. 2 hours agoFed Chair Jerome Powell dangled the idea that the central bank has already done the bulk of what is needed to combat inflation. It performs five general functions to promote the effective operation of the US. The Federal Reserve System is the central bank of the United States. 11 hours agoThe Feds rate increase Wednesday is the fourth this year and lifts its benchmark rate to nearly 25 a