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Fed set to extend inflation fight with 7th rate hike of 2022

Por: WPLG Local 10 Politics December 14, 2022

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WASHINGTON – After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation. At the same time, the Fed is expected to signal that it plans to try to conquer the worst inflation bout in four decades. And most economists think Chair Jerome Powell will stress that the Fed will likely keep... + full article



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