Fed hikes rates for the first time since 2018
 
The US Federal Reserve (Fed) announced its first rate rise since 2018, lifting the Fed funds rate by 0.25% to 0.5% and indicating that a series of six further hikes are to come this year. Chairman Powell remarked that the US economy is in good shape and that he does not see the chances of a US recession as ‘particularly elevated’....
 

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