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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

If You Invested $100 In SPY, Apple Or Amazon When Fed Last Hiked Rate By 0.5%, Here's How Much You'd Have Now

US Federal Reserve Apple Amazon Interest Rates Inflation Nasdaq

The U.S. Federal Reserve raised interest rates by 0.5% in more than two decades on Wednesday. 

The target fed funds rate now stands between 0.75% and 1.0% as the central bank cited elevated inflation as its reasoning for hiking the interest rates.

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