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

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Fed raises interest rates to 22-year high, leaves door open for more

This marks the 11th rate increase since March 2022

Bloomberg News

The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional increases as officials fine-tune their effort to further quell inflation. The quarter percentage-point hike, a unanimous decision, lifted the target range for the Fed’s benchmark federal funds rate to 5.25% to 5.5%, the highest level […]

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