The Fed raises its interest rate by 75 basis points for the third time in a row

The Fed raises its interest rate by 75 basis points for the third time in a row

The Federal Reserve raised interest rates again by 0.75%, placing them in a range between 3% and 3.25%, their highest level in 14 years. This is the third consecutive increase and forecasts that it will reach 4.6% in 2023.

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