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How much 'pain'? Fed to signal more rate hikes ahead

Por: Associated Press Business September 20, 2022

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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.” On Wednesday, Americans may get a better sense of how much pain could be in store. The Fed is expected at its latest meeting to raise its key short-term rate by a substantial three-quarters of a point . Another hike that large would lift its benchmark rate —... + full article



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