Xinhua News | U.S. Fed announces 1st interest rate hike in over 3 years as inflation stays sticky
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Xinhua News | U.S. Fed announces 1st interest rate hike in over 3 years as inflation stays sticky
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The U.S. Federal Reserve on Wednesday raised its target federal funds rate by 25 basis points to a range of 3.75 percent to 4 percent to address persistent inflation, marking its first interest rate hike since July 2023. #XinhuaNews
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