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The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic
The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic risks mount.
The committee will closely monitor incoming information and assess the implications for monetary policy, the Federal Open Market Committee said in a statement
The increase lifted the Fed’s benchmark federal funds rate to a target range of 5% to 5.25%, the highest level since 2007.
The Fed raised rates by a quarter percentage point but hinted it might pause its aggressive tightening campaign.