The Federal Reserve announced on Wednesday a 0.25% increase in the key interest rate to bring rising inflation under control. This is the first interest rate hike since the start of the coronavirus pandemic.
As reported by Agence France-Presse, the Federal Open Market Committee, which decides policy, said the impact of the war in Ukraine is "likely to put additional upward pressure on inflation and hamper economic activity," adding that "continuous increases" in interest rate policy would be "appropriate."
(CNA)
CNA - French News Agency
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