Fed announced its interest rate decision – Breaking News

The FED held its second meeting this year and announced the highly anticipated interest rate decision.

It increased the policy rate by 25 basis points to a range of 4 point 75 to 5 percent.

“Although recent indicators point to moderate growth, inflation remains high,” the United States Federal Reserve said in a statement.

With this decision, the FED has increased interest rates 9 times in a row.

The United States Federal Reserve will hold its third meeting of 2023 on May 2-3.

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