Thursday, December 8, 2022
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HomeRegional NewsFederal Reserve Raises Interest Rates Yet Again

Federal Reserve Raises Interest Rates Yet Again

(Washington, DC) — The Federal Reserve is raising interest rates once again in a bid to fight inflation. The increase is three-quarters of a percentage point. The Fed has steadily hiked rates this year as inflation shot up. In its statement, the Fed cited Russia’s war on Ukraine having an impact on inflation. Last month, the Minneapolis Federal Reserve Bank President said he believed interest rates could hit five-percent if inflation doesn’t slow down.

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