The US central bank has already raised interest rates 10 times in quick succession as it looks to tackle inflation which remains well above its long-term target of two%. The Fed's most recent hike lifted its benchmark lending rate to between 5.0% and 5.25%, it's highest level in around 16 years. Policymakers have said they will take a data-dependent approach to further rate changes.from International-News-Economic Times https://ift.tt/9ruLymq
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