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Fed pauses rate hikes but signals more tightening to come

Pause follows 15 months of interest rate hikes

Bloomberg News

Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening to cool inflation, projecting more increases than economists and investors expected. “Holding the target range steady at this meeting allows the committee to assess additional information and its implications for monetary policy,” the Federal Open Market […]

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