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Federal Reserve pauses interest rates after 15 months of hikes

Por: ABC7 World June 15, 2023

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paused its aggressive series of interest on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months.Nearly all members of the decision-making committee believe the central bank will need to impose at least one additional rate hike this year, Fed Chair Jerome Powell said at a press conference.Considering how far and how fast we've moved, we judged it prudent to hold the target range steady, Powell... + full article



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