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Fed Raises Key Rate by a Half-Point in Bid to Tame Inflation

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday - its most aggressive move since 2000 - and signaling further large rate hikes to come.

from CBNNews.com https://ift.tt/e2HV1Rp
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