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Federal Reserve hikes interest rates 0.25 percentage point

Por: CBS News Politics February 01, 2023

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The Federal Reserve is raising its benchmark interest rate a quarter of a percentage point, officials with the central bank on Wednesday, its eighth consecutive hike as policy makers try to subdue inflation.The latest increase in the federal funds rate — what banks charge each other for short-term loans — is smaller than the Fed's 0.5 percentage point as well as a string of three-quarter point moves over the course of 2022.With the... + full article



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