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Federal Reserve lifts interest rates another 0.75 percentage point

Por: CBS News Politics November 03, 2022

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The Federal Reserve raised its key interest rate another three-quarters of a percentage point as it battles the hottest inflation in decades.  The move by the central bank's rate-setting committee, announced Wednesday after a two-day meeting, marks the sixth rate hike this year and the fourth consecutive 0.75 percentage point jump since June. The jumbo increase was widely expected by Wall Street given that inflation has remained stubbornly... + full article



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