Fed lifts rate by quarter-point and signals more hikes ahead (access required)

By: The Associated Press February 1, 2023 Comments Off

The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. At the same time, Chair Jerome Powell said at a news conference that ...

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Fed lifts rate by quarter-point and signals more hikes ahead

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