The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the "cumulative tightening of monetary policy" it has enacted so far.
November 02, 2022 at 11:35PM
from Times of India
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Fed delivers big rate hike, signals possible smaller increases ahead
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