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    Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

    • Post author:MiamiCrypto
    • Post published:December 14, 2022
    • Post category:Benchmark Bank Rate/Central Bank/Economics/Fed/fed officials/federal funds rate/Federal Open Market Committee (FOMC)/Federal Reserve/FFR/FFR increase/FOMC/FOMC Meeting/Government/inflation/Inflationary pressures/Interest rate/jerome powell/News/political pressure/rate/rate hike/Tesla’s Elon Musk/US Central Bank

    The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the…

    Continue ReadingFederal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
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