The US Federal Reserve raised its benchmark interest rate for the first time in 2023 to combat persistent inflation above its 2% target. Fed Chairman Kevin Warsh indicated an improving economy while other central banks are also increasing rates amidst global concerns.
https://www.livemint.com/news/us-news/another-fed-hike-to-follow-goldman-sachs-says-us-federal-reserve-could-raise-interest-rates-again-in-october-11789612511201.html
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