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Federal Reserve: Fed goes big again with third-straight three-quarter-point rate hike

Por: CNN Business September 22, 2022

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Washington, DC (CNN Business)The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle The supersized hike, which was unfathomable by markets just months ago, takes the central bank's benchmark lending rate to a new target range of 3%-3.25%. That's the highest the fed funds rate has been since the global financial crisis in 2008.Wednesday's decision marks the... + full article



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