CNN US

Even with consumer price inflation running at almost 8%, the Fed announced Wednesday it would raise its policy rate to 0.25%-0.5%. That leaves its interest rate at a meaningfully negative level in inflation-adjusted terms.

Nearly 400 gallons of gas were stolen from a North Carolina gas station this week, prompting the owner to take extra security precautions amid historically high gas prices nationwide.

Two survivors of a crash that killed nine people in West Texas remain hospitalized and a dozen federal investigators are headed to the scene to look for answers as to what caused the fiery head-on collision Tuesday evening.