The US Federal Reserve in Washington on Wednesday. The central bank has announced a third consecutive interest rate increase. Photo: EPA-EFE
The US Federal Reserve in Washington on Wednesday. The central bank has announced a third consecutive interest rate increase. Photo: EPA-EFE

US Federal Reserve raises interest rates for third straight time, signals further aggressive moves

  • Increase again by three-quarters of a percentage point meant to tame record-high inflation stoked by supply constraints and strong demand
  • Benchmark rate now expected to rise to between 4.25 per cent and 4.5 per cent by year end, say officials who attended policy meeting

The US Federal Reserve in Washington on Wednesday. The central bank has announced a third consecutive interest rate increase. Photo: EPA-EFE
The US Federal Reserve in Washington on Wednesday. The central bank has announced a third consecutive interest rate increase. Photo: EPA-EFE
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