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Federal Reserve raises rates by 75 basis points as it ramps up fight against inflation

Video Credit: Rumble - Duration: 01:10s - Published
Federal Reserve raises rates by 75 basis points as it ramps up fight against inflation

Federal Reserve raises rates by 75 basis points as it ramps up fight against inflation

CNBC’s Steve Liesman reports on the Federal Reserve’s decision to raise its benchmark interest rate by 75 basis points, the fourth rate hike since March 2022.

The central bank has been waging an aggressive fight against historic inflation.

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