Fed rates hiked by 0.25 percent
Interest rates in America have increased. On Wednesday midnight (Indian time), US central bank Fed Reserve Chairman Kevin Warsh announced that the key interest rates would be increased by a quarter of a percent. The 12-member Federal Open Market Committee (FOMC) chaired by Warsh unanimously approved this. With this, the key interest rate range in the US has increased to 3.75-4.00 percent from the current 3.5-3.75 percent.
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