USA 23-09-2004 Fed raises interest rate The US Federal Reserve boosted a key short-term interest rate by one-quarter percentage point last night, the third increase this year. It is part of a gradual process to wean…… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here #banks#economy#interest#interest rate