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

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Fed hikes quarter point, signals it still expects higher rates

Federal funds rate sits at a range of 4.75% to 5%, the highest since September 2007

Bloomberg News

The Federal Reserve raised interest rates by a quarter percentage point and signaled it’s not finished hiking, despite the risk of exacerbating a bank crisis that’s roiled global markets. The Federal Open Market Committee voted unanimously to increase its target for the federal funds rate to a range of 4.75% to 5%, the highest since […]

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