World
2023.07.27 07:02 GMT+8

U.S. Fed hikes interest rates by 25 basis points

Updated 2023.07.27 07:02 GMT+8
CGTN

The U.S. Federal Reserve on Wednesday raised its benchmark interest rates by 25 basis points to the range of 5.25-5.5 percent, the highest level in over two decades, as it continues to ramp up its fight against inflation.

Source(s): Xinhua News Agency
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