The Federal Reserve raised its key interest rate to the highest level in 16 years to combat high inflation, but signaled that it may pause future rate hikes. However, the rate increases have already had significant effects on borrowing costs, the economy, and the banking industry, leading to concerns about a potential recession.
from Business News, Share Market updates and Indian Stock Market News - CNN- News18
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Fed Raises Key Interest Rate to Highest Level in 16 Years, Signals Rate Hikes Pause
![Fed Raises Key Interest Rate to Highest Level in 16 Years, Signals Rate Hikes Pause]()
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May 03, 2023
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