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Fed hikes interest rates by quarter point
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rat...
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Warsh under pressure as Fed considers rate hike
Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President Trump’s demands for cuts. Warsh gave himself wiggle room for a rate hike in late August, ...
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UK inflation jumps to 3.1% as energy costs soar
The reading comes a day before the Bank of England updates its monetary policy.