2023-05-03 18:10:06
WASHINGTON – The US Federal Reserve has continued its series of interest rate hikes to fight inflation and is now signaling a possible pause. It raised the key monetary policy rate by a quarter of a percentage point to the new range of 5.0 to 5.25 percent on Wednesday. Experts polled by Archyde.com had expected the tenth increase in a row. At the beginning of 2022, the rate that is decisive for the price of money in the USA was still close to zero percent. After the rapid increase, the end of the flagpole should have been reached for the time being.
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