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Federal Reserve hikes rate by 75 bps for second time in effort to tame inflation

Jul. 27, 2022 2:01 PM ETUS10YBy: Liz Kiesche, SA News Editor228 Comments

The Fed

Douglas Rissing/iStock via Getty Images

The Federal Reserve raised its key interest rate by 75 basis points on Wednesday, bringing the federal funds rate target range to 2.25%-2.50%, as it takes another stab at tamping down inflation.

The Federal

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