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United States | The Fed raises its rate by half a point and further cuts its growth forecast

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(Washington) The US central bank (Fed) raised its main interest rate by half a percentage point on Wednesday, a slower pace compared to previous hikes, warning however that it was not yet time to stop , and that rates should exceed 5.00%.

Rates are now in a range of 4.25 to 4.50%, the Fed said in a statement after its meeting. This is their highest level since 2007, when it now sees inflation slow to just 3.1% in 2023, from 2.8% expected in the forecast released in September. It has also drastically reduced its growth forecast for 2023, now counting on 0.5% against 1.2% previously.



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