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Fed hikes interest rates by 75 basis points for the third time in a row

Federal Reserve Governor Christopher J Waller on September 9 had made it clear that the inflation was quite high and that the central bank would hike rate to bring it back to 2 per cent. ....

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Slower inflation unlikely to sway Fed from another jumbo hike

As gas prices continue to drop, the US may see a reduction in inflation for a second month in August. But the fall might not suffice to stop the Federal Reserve from delivering another jumbo rate hike later this month ....

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