Fed hikes interest rates, signals aggressive fight to curb inflation
Howard Schneider and Ann Saphir, Reuters
Updated as of Mar 17 08:16 AM
The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive inflation and the war in Ukraine.
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