1:23newsDecember 15, 2022Fed approves 0.5% rate hikeThe Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.5%, slowing an aggressive series of rate increases while continuing an effort to dial back inflation.Up Next in newsBring on the econ: What is the Fed? December 15, 2022The 2024 total eclipse seen across North AmericaApril 8, 2024Sandra Day O'Connor, 1st woman on Supreme Court, dies at 93December 1, 2023