Fed hikes rates by a quarter percentage point, indicates increases are near an end

Times of India

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US Fed hikes interest rates by 25 bps, signals it is nearing the end of rate hikes

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S. banks.