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Reading: US Federal Reserve hikes interest rates by 25 basis points
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US Federal Reserve hikes interest rates by 25 basis points

Public TV English
Last updated: May 4, 2023 7:56 am
By Public TV English
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WASHINGTON: The US Federal Reserve, in its meeting held on Wednesday, raised interest rates by 25 basis points (bp).

The decision sets the US Central Bank’s benchmark overnight interest rate to the 5.00 per cent-5.25 per cent range, the tenth consecutive increase since March 2022. (ANI/WAM)

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