US Federal Reserve hikes rates
The U.S. Federal Reserve has decided to raise interest rates by 25 basis points for the first time since July 2023, in a move aimed at curbting inflation. This decision comes amid increasing inflationary pressures and expectations of further monetary tightening if inflation continues to rise. It also follows mixed market reactions, with ongoing discussions about whether to continue raising rates to combat inflation or to keep them steady to preserve economic growth.
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