Federal Reserve raises key rate again but signals a possible pause after 14 months of hikes

Federal Reserve raises key rate again but signals a possible pause after 14 months of hikes

WASHINGTON (AP) — 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 Fed also signaled that it may now pause the streak of 10 rate hikes that have made borrowing for…Read More

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