Federal Reserve raises interest rates another 0.25%

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“The 25 basis point rate hike marks a further slowdown after the Fed raised rates by 50 basis points in December and 75 basis points at meetings from June through November — the fastest clip since the 1980s.
Fed officials acknowleged that “inflation has eased somewhat but remains elevated” in their policy statement.
The Fed noted that in determining the “extent” of future rate hikes, instead of the pace, that the Fed will take into account lags in monetary policy and the impact on inflation, the economy and financial markets.”

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