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Update: U.S. Fed announces 1st interest rate hike in over 3 years as inflation stays sticky

16 Sep 2026, 23:17 GMT
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Article Update: U.S. Fed announces 1st interest rate hike in over 3 years as inflation stays sticky

WASHINGTON, Sept. 16 (Xinhua) -- The U.S. Federal Reserve on Wednesday raised its target federal funds rate by 25 basis points to a range of 3.75 percent to 4 percent...