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Federal Reserve raises interest rates; House to recess early

The Federal Reserve Open Market Committee raised interest rates by a quarter-point on Wednesday, citing elevated inflation. Additionally, House Republican leaders announced an early recess for lawmakers ahead of the midterm elections.

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Kevin Warsh

Our neutral summary

The Federal Reserve Open Market Committee raised interest rates by a quarter-point on Wednesday, citing elevated inflation. Additionally, House Republican leaders announced an early recess for lawmakers ahead of the midterm elections.

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Original Headline

Live updates: Fed raises interest rates; House plows through work to recess a day early

Neutral Headline

Federal Reserve raises interest rates; House to recess early