The U.S. Federal Reserve hiked interest rates by 25 basis points during Wednesday's FOMC meeting.
"We no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation," Chairman Jerome Powell says.
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"We no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation," Chairman Jerome Powell says.
#centralbank #interestrates #ratehike #federalreserve #fed #fomc #rateincrease #inflation #economy #shorts
