Here are any other big hikes in the Fed rate to tackle inflation.

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With prices rising, the Federal Reserve is intensifying its fight against inflation.

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On Wednesday, the Fed raised its benchmark interest rate by an additional three-quarters of a percent for the fourth time in this year.

This follows an increase of similar size in June – a rate increase in this speed and magnitude has not occurred since the late 1980s.

The central bank aims to cut back on its task of controlling inflation without triggering a recession.

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The labor marketplace is extremely tight, and inflation is very excessive

He and his colleagues are trying to fight inflation through demand-tackling

They are raising the cost of credit

Inflation in June rose by 9.1% compared to a year ago

The Fed is dealing with a problem that is beyond its control.