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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
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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.