#Bidenflation Economy Federal Reserve Inflation interest rates Jerome Powell

Fed Hikes Interest Rates 0.75% as It Struggles Against Highest Inflation in Decades

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Nov 2, 2022

Fed Hikes Interest Rates 0.75% as It Struggles Against Highest Inflation in Decades

Fed officials agreed Wednesday to lift the benchmark federal-funds rate by three-quarters of a percentage point to a range between 3.75 and four percent.

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