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US Federal Reserve Raises Rates to 22-Year High - Brings the federal-funds rate to a range 5.25 - 5.5 percent

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Published (Updated) on Wednesday, July 26, 2023

UNITED STATES — Federal Reserve Raises Rates to 22-Year High.. The quarter-percentage-point rise brings the federal-funds rate to a range between 5.25% and 5.5%. During a press conference, Fed Chair Jerome Powell said he sees a path to a soft landing for the economy and rate cuts this year are unlikely.. wsj.com

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