Federal Reserve hikes interest rates 0.25 percentage point

The Federal Reserve is raising its benchmark interest rate a quarter of a percentage point, officials with the central bank said on Wednesday, its eighth consecutive hike as policy makers try to subdue inflation.

More: https://www.cbsnews.com/detroit/news/federal-reserve-raises-interest-rates-0-25-percentage-point-2023-02-01/?intcid=CNM-00-10abd1h

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