The US raises interest rates again by 0.75 points to combat skyrocketing inflation

The US raises interest rates again by 0.75 points to combat skyrocketing inflation

The United States Federal Reserve (Fed) raised interest rates this Wednesday for the fourth time in a year, with the intention that this aggressive monetary policy will help mitigate the serious effects of uncontrolled inflation. The Fed has raised, as it did last month, its benchmark interest rate by three-quarters of a percentage point. According …

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