Money Fed downsizes rate hike to a half point this month, but those in debt find little relief December 14, 2022December 14, 2022 Medora Lee, USA TODAY Comments Off on Fed downsizes rate hike to a half point this month, but those in debt find little relief The Fed raised interest rates by 0.50 percentage point, down from its 0.75-point hikes the last four times. But people will find little comfort in it.