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Federal Reserve hikes key interest rate by a quarter-point despite US bank chaos

Por: New York Post Business March 22, 2023

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The Federal Reserve hiked interest rates on Wednesday — a pivotal move that showed the central bank’s resolve to tackle inflation . In a hotly anticipated decision, the rate-making Federal Open Market Committee hiked its benchmark rate by 0.25% — to a range of 4.75% to 5% — at the conclusion of the Fed’s closely watched policy meeting. Fed Chair Jerome Powell told reporters that members of the FOMC “did consider” leaving interest... + full article



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