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Fed hikes rates by 75 basis points for first time since 1994

Summary by Ground News
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.
4 months ago·Washington, United States

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Times of IndiaTimes of India

Fed hikes rates by 75 basis points, the biggest increase since 1994

The Federal Open Market Committee “anticipates that ongoing increases in the target range will be appropriate,” it said in a statement Wednesday after a two-day meeting in Washington. “The committee is strongly committed to returning inflation to its 2% objective.”

4 months ago·Mumbai, India
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BBC NewsBBC News

US makes biggest interest rate rise in almost 30 years

The US central bank raises rates by 0.75 percentage points as it scrambles to contain soaring prices.

4 months ago·United Kingdom
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News18 IndiaNews18 India

US Fed Announces Biggest Interest Rate Hike Since 1994

The Fed's policy-setting Federal Open Market Committee reaffirmed that it remains "strongly committed to returning inflation to its 2 percent objective" and expects to continue to raise the key rate

4 months ago·India
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Fed rolls out biggest rate hike since 1994, flags slowing economy

The Federal Reserve approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation that central bank officials acknowledged may be eroding public trust in their power, and being driven by events seen increasingly out of their hands.

4 months ago·United Kingdom
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The GuardianThe Guardian

Federal Reserve announces biggest interest rate hike since 1994

Fed confirms 0.75 percentage-point increase as Americans across country hit hard by rising prices and shortages of key items

4 months ago·London, United Kingdom
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CBC NewsCBC News

U.S. central bank hikes interest rate by biggest amount since 1994 | CBC News

The Federal Reserve has raised its benchmark interest rate by 75 basis points to a range of up to 1.75 per cent, its most aggressive hike in almost 27 years as the U.S. central bank scrambles to rein in runaway inflation.

4 months ago·Canada
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