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Federal Reserve boosts interest rates — again. Here's what it means for your wallet.

Por: CBS News Politics December 15, 2022

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With inflation still high, though cooling, the Federal Reserve is again turning to its most effective weapon in its battle against soaring prices: Another rate hike. The central bank on Wednesday boosted its benchmark interest rate by , marking its seventh consecutive hike this year. There are some signs that its campaign against the hottest inflation in four decades is paying off, with the consumer price index last month easing to its slowest... + full article



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