white-hot inflation

Fed makes history with second massive rate hike in as many months

The unprecedented action shows how far the Fed is willing to push the economy

Originally Published: 27 JUL 22 14:00 ET Updated: 27 JUL 22 15:41 ET By Nicole Goodkind, CNN Business (CNN) -- What seemed unfathomable just six months ago -- a 75-basis-point rate hike by the Federal Reserve -- has now happened…