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Fed hikes interest rate another 0.25%, inflation still 'too high'

The central bank may pause rate hikes as a result of the banking crisis, but the economy could still slow down.


The Federal Reserve continued to slow down the pace of interest rate increases as it seeks to tame still-high inflation.

At its March meeting, the Fed raised its benchmark interest rate by 0.25%. That marks the second straight meeting that the Fed’s key committee has delivered an increase of that size. That followed a rapid tightening of monetary policy last year.

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