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Federal Reserve to decide on interest rate hike in inflation battle

Por: WPTV Nation November 01, 2023

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The Federal Reserve will decide Wednesday afternoon whether to raise interest rates after opting to keep interest rates level at its last meeting in September. The Federal Reserve kept the target range for the federal funds rate at 5.25% to 5.5%, which marks a 22-year high. This has made the cost for borrowers quite high, with 30-year fixed mortgage rates exceeding 8%. Federal Reserve Chair Jerome Powell has made it the Fed's goal to get... + full article



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