Breaking: Fed hikes policy rate by 75 bps to 3-3.25% as expected

The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3-3.25%. Developing story.
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Fed: Officials' median view of policy rate at end-2023 rises to 4.6% from 3.8%

The US Federal Reserve's Summary of Economic Projections, the so-called dot plot, revealed on Wednesday that officials' median view of the Fed's polic
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