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There are 5 lessons from the inflation fight
The US Federal Reserve on Wednesday announced that it will raise its benchmark interest rate for the fifth time this year in a bid to boost the economy. “The committee has decided to raise the target range for the federal funds rate…to 2 percent to 2.25 percent,” the Federal Open Market Committee said in a…
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The premarket stocks show Wall Street’s optimism after the inflation report.
The US Federal Reserve (Fed) on Wednesday raised its benchmark interest rate by 75 basis points for the seventh time this year. The Federal Open Market Committee’s preferred measurement of inflation showed price increases continued to moderate in November, providing yet another encouraging indication that the period of “painful high prices has peaked”. The central…