The US Federal Reserve is expected to hike its benchmark lending rate for a tenth time in its fight against high inflation despite growing signs of a slowing American economy and potential recession. With analysts predicting a 25 basis point hike, the Fed aims to bring inflation back towards its long-term target without spurring a deeper recession.
from Business News, Latest News on Business, Finance News Online - News18
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US Federal Reserve Expected to Raise Interest Rates for 10th Time Despite Economic Slowdown
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April 30, 2023
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