WION Business News | US Fed hikes interest rates by 0.75%
Edited By WION Video Desk
Published: Nov 03, 2022, 07:04 IST | Updated: Nov 03, 2022, 07:04 IST
The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signaled it may be nearing an inflection point in what has become the swiftest tightening of U.S. monetary policy in 40 years.
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