Fed raises again Central bank boosts fed funds rate to 2.25 but after 5 hikes in this year what #39;s in store for  #39;05? NEW YORK (CNN/Money) - The Federal Reserve raised a critical short-term interest rate by a quarter of a percentage 
India-Pakistan spat ahead of Kashmir talks With India pulling out a large number of troops from Kashmir, the guns may have fallen silent but the verbal dual between India and Pakistan is nowhere near an end.