Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation
BY CHRISTOPHER RUGABER WASHINGTON (AP) - The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession. The move lifted the Fed's benchmark short-term rate from roughly 5.1% to 5.3% - its highest level since 2001. Coming on top of its previous