Federal Reserve raises its key rate for 11th time by a quarterpoint in its drive to slow inflation

Federal Reserve raises its key rate for 11th time by a quarterpoint in its drive to slow inflation

WASHINGTON (AP) — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession. The move lifted the Fed’s benchmark short-term…Read More

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