The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023 as well as a rise in unemployment and a near stalling of economic growth. Inflation, based on the Fed's preferred measure, is seen remaining above the central bank's 2% target at least until the end of 2025.
from Times of India https://ift.tt/YxyPK5M
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