US Fed Announces 0.25% Interest Rate Hike - Tenth Since Pandemic

May 3rd 2023 2:20pm EDT

WASHINGTON (Sputnik) – The Federal Reserve on Wednesday announced its tenth rate hike since the end of the COVID-19 outbreak, adding a quarter point to bring US rates to a peak of 5.25% from the 0.25% high they stood at three years ago.

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