Fed Raises Key Rate But Hints It May Pause

The Federal Reserve reinforced its fight against high inflation by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause its streak of 10 rate hikes, which have made borrowing for consumers and businesses steadily more expensive.

Topics:  federal reserve    3 may   fed   key   rate   pause   
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