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Fed hikes rates despite recession fears

Por: The Hill Politics May 03, 2023

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The Federal Reserve voted to raise interest rates Wednesday by another 0.25 percentage points, brushing aside concerns about the and an expected recession later this year. The Fed’s rate-setting committee voted unanimously Wednesday to boost its baseline interest rate to a range of 5 to 5.25 percent, the point at which Fed officials expected in March to stop hiking rates, according projections from the Fed’s last meeting. since the middle of... + full article



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