22 Hrs
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شبكة راية الإعلامية
Fed raises interest rates to 4 percent
The Federal Reserve (the US central bank) has decided to raise interest rates for the first time in over three years, by a quarter of a percentage point, bringing the range to between 3.75% and 4%. The decision aims to support price stability and counteract the high inflation, with the statement noting that US economic activity remains strong despite geopolitical uncertainties, supported by continued job growth and a decreasing unemployment rate. The move is intended to help return inflation to the target level of 2%, amid recent inflation that has risen to 3.4% on an annual basis and diesel prices reaching an unprecedented level.
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