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Monday, September 26, 2022

US inflation hits 40-year high, Fed likely to boost interest rates this week

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Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well. Central bank policymakers are entertaining the idea of a 75 basis point increase to the Fed’s benchmark funds rate that banks charge each other for overnight[…]

The post US inflation hits 40-year high, Fed likely to boost interest rates this week appeared first on The Morning – Sri Lanka News.

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