Fed Raises Interest Rates by 75 Basis Points

Fed Raises Interest Rates by 75 Basis Points

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s. Bloomberg’s Michael McKee reports on a special edition of “Bloomberg Surveillance.”
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