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Federal Reserve lifts rates again, says more will be needed to tame inflation

Por: The Boston Globe Business November 02, 2022

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Are we there yet?No, and it’s not clear when we will be.That was Federal Reserve chair Jerome Powell’s disheartening message on Wednesday as he discussed to combat inflation: another jumbo increase in its benchmark lending rate to the steepest level in nearly 15 years.Powell left no doubt that additional rate hikes would be needed to rein in stubbornly high consumer prices. And he said that Fed officials most likely have to boost rates... + full article



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