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Fed lifts rate by quarter point, signaling more hikes ahead

Por: Los Angeles Times Business February 02, 2023

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The Federal Reserve extended its fight against high inflation on Wednesday by raising its key interest rate by a quarter point, its eighth increase since March. The Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. At the same time, Chair Jerome H. Powell said at a news conference that the Fed recognizes that the pace of inflation has eased — a signal that it could be nearing the end of... + full article



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