Federal Reserve increases its rate.

M2 EQUITYBITES-May 5, 2022--Federal Reserve increases its rate

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Global Banking News - 05 May 2022

The Federal Reserve has increased its policy rate.

The US central bank raised its benchmark interest rate by a half percentage point on Wednesday. The apex bank also scaled back its support for the economy in order to contain inflation that has been rising significantly. It moved the federal-funds rate to a target range between 0.75 percent and one percent. The rate increase was the largest since 2000.

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