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Fed jacks up rates again but Powell hints it might slow down

Por: Politico Business November 02, 2022

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The Federal Reserve on Wednesday in its fight against inflation, tightening its grip on the economy less than a week before midterm elections that will determine control of Congress. The move brings the central bank’s main policy interest rate — which influences rates on everything from auto loans to mortgages — close to 4 percent just eight months after it sat near zero in the wake of the pandemic. And the Fed’s rate-setting committee... + full article



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