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US interest rates hiked again despite wreaking havoc on economy

Thursday, 27 July 2023 2:30 PM [ Last Update: Thursday, 27 July 2023 2:30 PM ]

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Ramin Mazaheri
Press TV, Chicago

The United States Federal Reserve raised interest rates yet again, but its attempt to slow record inflation may push the country into a double-dip recession. Their headline rate is now 5.3%, which is the highest level since 2001.

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