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

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Fed hikes again by 75 basis points, hints at entering end phase

The decision lifts the target for the benchmark federal funds rate to a range of 3.75% to 4%

Bloomberg News

Federal Reserve officials delivered their fourth straight 75 basis-point interest rate increase while also signaling their aggressive campaign to curb inflation could be approaching its final phase. The Fed said that “ongoing increases” will likely be needed to bring rates to a level that is “sufficiently restrictive to return inflation to 2% over time,” according […]

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