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Fed raises interest rates 0.25%, escalating inflation fight amid banking woes

Por: ABC News Business May 03, 2023

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The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, escalating the central bank's attack on inflation just two days after the forced sale of First Republic Bank.The Fed’s 10th consecutive rate increase arrives less than a week after fresh government data showed that U.S. economic growth slowed over the first three months of this year.Despite the economic turbulence, the central bank appears dedicated to... + full article



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