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Fed raises rates another 0.75 point

The Federal Reserve continued its campaign to aggressively push up interest rates Wednesday, with a fourth-straight 0.75 percentage point rate rise, while also giving some sense of what might lead it to slow down its rate rising campaign in the future.

Axar.az reports citing foreign media.

Driving the news: The central bank's policymaking committee raised the bank lending rate it targets to a range of 3.75% to 4%, its highest level in 15 years. As recently as March that rate was near zero.
Date
2022.11.03 / 09:31
Author
Axar.az
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