Business & Economy

US Federal raises interest rate

The US federal bank raised the country’s interest rate for the sixth time this year, which will carry additional burdens for consumers after purchasing power declines.
The U.S. federal said it raised the rate by 75 basis points in the sixth increase this year.
The US authorities are trying to put an end to the large inflation they are experiencing for the first time in 40 years by significantly increasing the interest rate.

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