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Kiplinger
Kiplinger
Business
Dan Burrows

Fed Hikes Interest Rates Yet Again: What the Experts Are Saying

Inflation Interest Rates Committee US Federal Reserve
Federal Reserve Chair Jerome Powell

The Federal Reserve raised interest rates once again on Wednesday, as concerns about persistently elevated inflation trumped turmoil in the banking industry. 

The central bank's rate-setting group, known as the Federal Open Market Committee (FOMC), wrapped up its regularly scheduled two-day meeting by increasing the short-term federal funds rate by 25 basis points, or 0.25%. 

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