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US Fed taking ‘no chances’ on its fight to crush inflation
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Overnight, the US Federal Reserve showed it is taking “no chances” in its fight against inflation by raising its cash rate for the 11th time in 17 months.
This is despite the US inflation rate now being well below its cash rate, normally a signal that a central bank will ease back on rate rises.
This is despite the US inflation rate now being well below its cash rate, normally a signal that a central bank will ease back on rate rises.
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