The US Federal Reserve raises interest rates by 0.5 percentage points

2022-05-04T18:20:04.790Z

The US Federal Reserve raises interest rates by 0.5 percentage points Created: 05/04/2022, 20:08 People walk past the US Federal Reserve. © Ting Shen/XinHua/dpa To combat the high inflation rate, the US Federal Reserve increased its key interest rate sharply by 0.5 percentage points. It is now in the range of 0.75 to 1 percent, as the Federal Reserve (Fed) announced on Wednesday.

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