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Tag: 40 year high

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  • 40-year-high US inflation self-inflicted

    40-year-high US inflation self-inflicted

    The US Federal Reserve recently raised its benchmark interest rate by half a percentage point, shifting the target range from 0.75 per cent to 1 per cent, following a smaller increase in March. It was the Fed's biggest increase in 22 years. 

    May 19, 2022