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Fed raises interest rates by a half point for first time in 20 years as it ratchets up inflation fight
The Federal Reserve said Wednesday it would raise interest rates by a half point for the first time in two decades as policymakers ramp up their fight to cool red-hot inflation, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.
www.foxbusiness.com
There goes the housing industry.