Federal Reserve hikes key interest rate again to 4.75%. Move was widely expected, but unlike Bank of Canada, U.S. central bank hints more rate hikes are coming.
The U.S. central bank raised its target interest rate by a quarter of a percentage point on Wednesday, and promised "ongoing increases" in borrowing costs as part of its ongoing battle against inflation.
Move was widely expected, but unlike Bank of Canada, U.S. central bank hints more rate hikes are comingJerome Powell, chairman of the U.S. Federal Reserve, will explain the central bank's line of thinking at a press conference on Wednesday.
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