The US Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.
source https://timesofindia.indiatimes.com/business/international-business/us-federal-reserve-hikes-rates-by-75-bps-flags-slowing-economy/articleshow/92238393.cms
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