Fed raises rates again as it weighs how much further to go

The Federal Reserve pressed on with its fight against inflation Wednesday, raising interest rates to their highest level in 22 years. But it's still not clear how much harder officials will push to slow price increases.

The economy has shown remarkable resilience in the face of aggressive Fed action and inflation rates that, while improving, have remained above normal for nearly two years. Businesses are still hiring, and consumers are still spending - key signs that have zapped fears that a recession is around the corner.