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Fed raises interest rates a quarter point, hints at possible pause

Por: Fox Business Business May 04, 2023

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Wall Street investors will be focused on any additional clues about what comes next in the central bank's inflation fight. The on Wednesday raised its benchmark interest rate by a quarter of a point but opened the door to a long-awaited pause in its most aggressive tightening campaign since the 1980s. The widely expected and unanimous decision puts the key benchmark federal funds rate at a range of 5% to 5.25%, the highest since August... + full article



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