US Fed Raises Interest Rates By A Quarter-point
Posted on AllSides May 3rd, 2023
From The Center
The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time on Wednesday and signaled it would consider the impact of earlier rate hikes on future decisions.
The quarter-point increase lifts the target range to between 5.0 percent and 5.25 percent, the central bank said in a statement, adding that it would "take into account" the impact of tighter monetary policy and "economic and financial developments" going forward.
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