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June 9, 2023
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U.S. fed raises key rate by quarter-point despite bank turmoil

The U.S. Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/u-s-fed-raises-key-rate-by-quarter-point-despite-bank-turmoil-1.6324264

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