Federal Reserve in Washington, DC
The US Federal Reserve has declared war on inflation with another rate hike.
(Photo: Reuters)
Frankfurt The US Federal Reserve (Fed) has once again made its determination in the fight against inflation, which recently stood at 8.3 percent, clear. It raised interest rates by 0.75 percentage points (75 basis points) on Wednesday to a range of 3.0 to 3.25 percent. The markets had expected this step, but had not ruled out an increase of a full percentage point.
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