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Federal Reserve increases rates to tackle inflation
The U.S. Federal Reserve Board raised the benchmark interest rate by a quarter of a percentage point to a range of 3.75% to 4%, in a move aimed at tackling persistent inflation. The bank indicated the possibility of further increases in the coming months, suggesting that the Trump administration has not been able to control inflation so far. This increase follows previous decisions to adjust interest rates in an effort to combat inflation and stabilize the economy.
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