coronavirus pandemic July 27, 2022 1:00 pm Federal Reserve Raises Interest Rate by 0.75% in Bid to Curb Inflation The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation. US & World Videos 2:33 Nicholas Galitzine reveals favorite ‘The Idea Of You' scene with Anne Hathaway 1:46 Anne Hathaway reflects on chemistry read with Nicholas Galitzine for ‘The Idea Of You' 2:01 No evidence Oceanside Pier fire was arson, officials say 2:08 Travis Kelce calls Taylor Swift his ‘significant other' as they attend Charity Gala Date Night 1:04 Hunter Biden plans to sue Fox News