December 8, 2022

Federal Reserve raises key interest rate by 0.75 percentage points – CBS News

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The Federal Reserve agreed to raise the benchmark interest rate by 0.75 percentage points in a row on Wednesday in an effort to tackle record inflation. Gina Smyalek, the Federal Reserve and economics correspondent for the New York Times, joined John Dickerson to discuss the impact of raising interest rates on the US economy.

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