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Fed begins inflation fight with key rate hike, more to come

Summary by Ground News
The Fed raises its benchmark short-term interest rate. The rate hikes will eventually mean higher loan rates for many consumers and businesses. Seven of the central bank's 16 policymakers favor at least one half-point rate hike this year. Many economists say the Fed has made its task riskier by waiting too long to begin raising rates.

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Bias Distribution

  • 58% of the sources are Center
58% Center
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Star Advertiser broke the news in Honolulu, United States on Wednesday, March 16, 2022.
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