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Federal Reserve boosts policy rate by 25 basis points, signals more hikes ahead

Feb. 01, 2023 2:00 PM ETBy: Liz Kiesche, SA News Editor233 Comments

Fed Chair Jerome Powell Holds News Conference Following Federal Open Market Committee Meeting

Chip Somodevilla

As expected, the Federal Reserve hiked its policy rate by 25 basis points to 4.50%-4.75%, slowing the rapid tightening campaign that ratcheted up its rate by 425 bps in 10 months.

It repeated its stance that ongoing

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