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Amid banking uncertainty, Federal Reserve increases key rate by a quarter point

Por: The Boston Globe Politics March 22, 2023

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WASHINGTON—Federal Reserve officials on Wednesday resisted pressure to pause their inflation-fighting efforts in the wake of two bank failures, voting unanimously to increase interest rates by a quarter of a percentage point.The move, the most pivotal interest rate decision in years, came after the failures of Silicon Valley Bank and Signature Bank have shaken the industry, roiled financial markets and forced federal intervention to prevent a... + full article



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