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    US raises interest rates for first time in three years

    4 hours ago

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    The Federal Reserve has raised interest rates for the first time since July 2023, increasing the benchmark overnight rate by a quarter percentage point to the 3.75%-4.00% range. This decision reflects ongoing inflation pressures and anticipates further hikes. The Fed's new projections indicate a potential rise to 4.00%-4.25% by year-end, with inflation not expected to reach the 2% target until 2029.
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