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Federal Reserve raises interest rates by 25 basis points
The U.S. Federal Reserve Board today, Wednesday, raised interest rates by 25 basis points, bringing the range to between 3.75% and 4%, in an effort to support the return of inflation to the targeted 2%. The bank confirmed that U.S. economic activity is expanding strongly, with continued growth in productivity and capital investment, while the labor market remains robust and balanced, despite inflation remaining high. The decision comes amid increasing uncertainty due to geopolitical developments and aims to address the high inflation while monitoring economic developments.
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