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Federal Reserve hikes its key interest rate a quarter point

Por: CBS News Politics March 22, 2023

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The Federal Reserve is raising its key interest rate 0.25 percentage point, underscoring central bankers' commitment to fighting inflation even if that heightens the financial pressure on the country's banks.The Fed's benchmark rate is rising to a range between 4.75% and 5%, the bank's rate-setting body said Wednesday in a . That's the highest level for the federal funds rate since 2006.The sudden on March 10 and of New... + full article



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