US Federal Reserve hikes rates by half percentage point - Shahpur Turk CSC - Common Service Centre in Sonipat US Federal Reserve hikes rates by half percentage point

05 May 2022

US Federal Reserve hikes rates by half percentage point

The US Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.

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