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Wednesday, March 16, 2022

US Federal Reserve hikes rates, signals aggressive turn against inflation

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% and 2% by year's end in a newly aggressive stance against inflation that will push borrowing costs to restrictive levels in 2023.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eHsMzk4

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