Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Fed slows rate hikes, signals further increases are coming

Fed raised benchmark rate by a quarter percentage point to a range of 4.5% to 4.75%

Bloomberg News

The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades. Policymakers lifted the Fed’s target for its benchmark rate by a quarter percentage point to a range of 4.5% to 4.75%. The […]

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