Inflation remains Fed’s key focus3 min read 23 Mar 2023, 09:41 PM IST
Consumer price inflation in the US came in at 6% year-on-year in February, moderately lower than January, but much higher than the central bank’s 2% target.
In yet another attempt to tame inflation, the US Federal Reserve has delivered a 25-basis-point interest rate hike, taking the Fed funds rate to 4.75-5%. One basis point is 0.01%.
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