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The El Paso

Federal Reserve raises interest rates for the 1st time since 2023

Federal Reserve raises interest rates for the 1st time since 2023
Photo: KVIA ABC-7 · view original

By Max Zahn The Federal Reserve raised interest rates on Wednesday in an effort to battle back a months-long surge of inflation set off by the Iran war. The move marks the central bank's first rate increase since July 2023. The central bank hiked its benchmark rate a quarter of a percentage poin...

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