Fed raises interest rates 0.25%, hitting a 22-year high

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The Federal Reserve hiked interest rates by a quarter point, bringing the Fed's benchmark interest rate to a 22-year high of between 5.25% and 5.5%.

Fed raises interest rates 0.25%, intensifying inflation fight despite cooling prices: https://trib.al/aiKCSPM

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#news #economy #inflation #abcnews #federalreserve #interestrates
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