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Fed Lifts Rates a Quarter Point and Signals More Hikes to Come

Borrowing costs seen rising at each remaining meeting in 2022
Powell says economy ‘very strong,’ can handle tighter policy

Bloomberg business news — Fed Raises Rates by a Quarter Point, Signals More Ahead

By

Olivia Rockeman and

March 16, 2022, 6:00 PM UTCUpdated onMarch 16, 2022, 8:41 PM UTC

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The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.