Fed raises rates 50 bps, with more rate rises on the horizon
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Fed raises rates 50 bps, with more rate rises on the horizon

Federal Reserve Building in Washington DC

The Federal Reserve raised interest rates further by 50 basis points on Wednesday, noting a slowdown but not a full stop in rate increases, in an effort to curb inflationary pressures.

The central bank set its policy rate at a range of 4.25%-4.5% – the highest it has been since 2007.

While

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