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US Fed lifts rates by 50 basis points


WAM
15 Dec 2022

WASHINGTON, 14th December, 2022 (WAM) --The US Federal Reserve on Wednesday voted to boost the overnight borrowing rate half a percentage point, taking it to a targeted range between 4.25% and 4.5%.

The increase broke a string of four straight three-quarter point hikes, the most aggressive policy moves since the early 1980s.

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