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US interest rates see third 0.75 percentage point rise to tackle inflation

Summary by Ground News
The Fed raised its key interest rate by a substantial three-quarters of a point for a third straight time. The move boosted its benchmark short-term rate to a range of 3% to 3.25%. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan.

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ABC 6 NEWS broke the news in on Tuesday, September 20, 2022.
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