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Fed raises key interest rate in largest hike since 1994

Posted

June 15, 2022

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The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by threequarters of a point its largest hike in nearly three decades and signaling more large rate increases to come that would raise the risk of another recession.

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Fed raises key interest rate in largest hike since 1994 · Fox 4 Dallas Fort Worth · Sentinel