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Fed Raises Rates By Another Quarter Point, Hints Tightening Cycle Nearing End

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TheNews
, 03-27-2023 at 02:46 AM (305 Views)
      
   
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Despite recent turmoil in the banking industry, the Federal Reserve on Wednesday announced that is has decided to continue raising interest rates. The Fed said it has decided to raise the target range for the federal funds rate by another 25 basis points to 4.75 to 5.0 percent.

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