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Fed delivers small rate hike, more tightening possible

Summary by Ground News
The Federal Reserve raised interest rates 25 basis points but seemed to give mixed signals on further monetary policy action. The benchmark lending rate was increase to a range of 4.75% to 5.00%. Officials projected inflation would be 3.3% at the end of the year, up from its prior forecast of 3.1%.

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Bias Distribution

  • 71% of the sources are Center
71% Center
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The Globe & Mail broke the news in Canada on Wednesday, March 22, 2023.
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