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Published

US makes biggest interest rate rise in 22 years

Summary by Ground News
The Fed is raising interest rates by a half-percentage point. It's the first time in 22 years that the central bank has hiked rates this much. The decision was unanimous, with all 12 members of the policy-setting Federal Open Market Committee agreeing on it. The bank warned that the pandemic-related lockdowns in China will likely weigh on already battered supply chains.
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