The Federal Reserve raised U.S. interest rates on Tuesday, as it continued its campaign to gradually raise rates high enough to make sure that a rebounding economy doesn’t trigger unwanted inflation
The quarter-point increase, to 2.75 percent, in the federal funds rate marked the seventh time the central bank has pushed rates higher since it started its current credit-tightening campaign last June. At that time, the funds rate stood at a 46-year low of 1 percent.
