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How raising interest rates helps fight inflation and high prices

Por: NBC News Business November 02, 2022

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The Federal Reserve announced Wednesday another increase in its key interest rate by 0.75% to help fight inflation and get price growth under control. It's the fourth time in a row the Fed has raised rates by 0.75%, and the sixth interest rate hike of the year. The Fed hopes that by raising the interest rate, it can slow down the economy and cause prices to come back down. But how does raising interest rates do that, exactly? When you get a... + full article



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