Fed hikes interest rates for seventh time this year

The Federal Reserve has raised interest rates for the seventh time this year, while signaling that it is moving more cautiously as the U.S. economy slows.its benchmark rate by 0.5 percentage point on Wednesday, lifting its target rate into a range between 4.25% and 4.5%The half-percentage-point increase marks a step-down from a string of bigger interest rate hikes this summer, when the Fed made four consecutive 0.

Fed Chair Jerome Powell is set to address reporters at 2:30 p.m. Eastern time, when he will offer his outlook for the economy. from a year ago, led by a decline in energy, commodity and used car prices, the Labor Department reported Tuesday. That reading was down from a peak of 9% in June, propelled by soaring fuel costs.

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Fed raises interest rates another half point, slowing pace of hikesBREAKING: Fed raises interest rates another half point, slowing pace of hikes dollar grows up I recently read that about 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth. I bet they all voted for Joe Biden. The federalreserve ANYTHING but taxing Corps for their windfall or Billionaires who dodge taxes.
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U.S. inflation slows again, CPI shows, as Fed prepares to raise interest ratesThe cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst U.S. inflation in 40 years is receding. Economists polled by The Wall Street Journal had forecast a 0.3% increase in the consumer price index. All base effect If we get 75 the market will crash. Stop listening to your financial advisor and pull your money out.
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