US Fed hikes interest rate, 10th in 14 months

US Fed hikes interest rate, 10th in 14 months

[ad_1] New York: The US Federal Reserve has approved its 10th interest rate hike in 14 months, increasing its key interest rate by 0.25 percentage points. The Fed also signalled that Wednesday’s hike may be its last one for now, BBC reported. The rate hikes have sharply raised borrowing costs across the world’s largest economy,…

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