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Fed raises key rate but hints it may pause amid bank turmoil

Por: Portland Press Herald World May 03, 2023

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Federal Reserve Board Chair Jerome Powell walks from the podium after speaking at a news conference at the Federal Reserve on March 22 in Washington. Alex Brandon/Associated Press WASHINGTON – The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause the streak of 10 rate hikes that have made... + full article



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