FED hikes key rate for 1st time in 3 years
FED hikes key rate for 1st time in 3 years

FED hikes key rate for 1st time in 3 years

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House.

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