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Tag: federal interest rate

Fed raises key rate but hints it may pause amid bank turmoil | Long Island Business News

Fed raises key rate but hints it may pause amid bank turmoil | Long Island Business News

May 3, 2023May 4, 2023 · Business

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the…

Read more Fed raises key rate but hints it may pause amid bank turmoil | Long Island Business News
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