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How is the record Powerball lottery jackpot related to the Fed?

2022-11-07T20:07:30.512Z

The Powerball lottery jackpot hit a record $1.6 billion due to the latest Federal Reserve interest rate hikes. Here the | Economy | CNN

The Powerball lottery jackpot hit a record $1.6 billion due to the latest Federal Reserve interest rate hikes.

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Source: cnnespanol

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How is the record Powerball lottery jackpot related to the Fed?

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