The Fed lifts rates by a quarter point as banking turmoil complicates inflation fight

The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability.

News: What you need to know about the markets     The Fed lifts rates by a quarter point as banking turmoil complicates inflation fight The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability. Read more »   Judge may force Rupert Murdoch to testify in Dominion defamation case The judge in the Dominion Voting Systems' defamation case against Fox News signaled his interest Wednesday in the duty that executives like Rupert Murdoch might have to stop known liars from going on-air, and suggested he might force Murdoch to testify. Read more »   The banking meltdown may have done the Fed's work for it Federal Reserve officials have a difficult path ahead of them. They still have work to do to bring inflation down, but their efforts have been complicated by the events of the past few weeks. Read more »   Could raising FDIC insurance limits restore confidence in banks? Lawmakers are looking for answers Right now, $250,000 seems to be the number on everyone's minds. Read more »   Fed makes a crucial rate decision Read more »   After bank failures, Elizabeth Warren demands Fed crackdown on large regional banks Senator Elizabeth Warren is cranking up the pressure on the Federal Reserve following the collapse of Silicon Valley Bank. Read more »

Dow Nasdaq S&P -530.49   -190.15   -65.90 32,030.11   11,669.96   3,936.97 -1.63%   -1.60%   -1.65% YTD -3.37%   YTD +11.50%   YTD +2.54%

Biggest Winners Kroger Co +0.59%   Oracle Corp +0.37%   Pultegroup Inc +0.20%   Newmont Corporation +0.09% Biggest Losers First Republic Bank -15.47%   Comerica Inc -8.45%   Lincoln National Corp -7.90%   M&T Bank Corp -7.75%

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Key Market Stats Latest Today's Change Oil $69.95 +0.28 / +0.40% Gold $1,971.40 +30.30 / +1.56% 10-yr 3.50% -0.11 Euro $1.09 +0.01 / +0.80%

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