US Fed hikes interest rates by 25 bps, says 'some additional' tightening possible

The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.

from International-News-Economic Times https://ift.tt/xitemTs
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