Fed officials preparing to raise interest rates by another 0.75 percentage points

Federal Reserve officials have indicated they may raise interest rates by 0.75 percent for a second straight meeting later this month. Aggressive efforts to tackle high inflation,

Policymakers left the door open for a bigger, full-percentage-point increase in the July 26-27 gathering. But some of them together in recent interviews and public comments poured cold water on the idea that their premeeting quiet period, which began on Saturday.