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In an effort to combat inflation, the Federal Reserve has raised interest rates for the ninth time in a row. The central bank has approved a 0.25% increase, bringing its benchmark fed funds rate to a range between 4.75% and 5%. This is the highest level since September 2007. However, officials hinted that they may end their rate-hike campaign sooner than expected due to the banking crisis. They mentioned in a post-meeting policy state...
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