Fed raises key interest rate in largest hike since 1994

The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession.

Practical financial precautions

As signs that the economy might head into a recession increase, Minnesotans are wondering what they can do now to start bracing for the impact. FOX 9’s Rose Schmidt examines techniques you can take today.

COVID treatment will soon cost you

At the start of the pandemic, policymakers enacted changes to increase access to COVID treatments and help health care systems better deal with the crisis. But as the virus moves out of the pandemic phase, those programs are being eliminated.