November 22, 2024 18:39 (IST)
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US Federal Reserve raises target interest rate by 75 bps, highest since 1994

US Federal Reserve raises target interest rate by 75 bps, highest since 1994

Wahington: America's central bank Federal Reserve Wednesday increased its target interest rate by three-quarters of a percentage point, and signaled more hikes in the coming months to stem the biting inflation.