Federal Reserve Raises Interest Rates by Half Percentage Point, in Effort to Slow Inflation May 5, 2022May 4, 2022 Michigan Star Staff – – – Background Photo “Federal Reserve” by AgnosticPreachersKid CC 3.0. Sign up here to get your copy ofThe Star News Network Daily UpdateDaily morning updates featuring stories from The Michigan Star and The Star News Network, plus breaking news, special offers, and more. CONFIRM You have Successfully Subscribed!