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Fed Raises Interest Rates By Another 75 Basis Points

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, 09-22-2022 at 12:05 PM (236 Views)
      
   
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The Federal Reserve announced its highly anticipated monetary policy decision on Wednesday, raising interest rates by another three-quarters of a percentage point. Citing its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run, the Fed decided to raise its target range for the federal funds rate by 75 basis points to 3 to 3.25 percent.

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