Raise funds

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ilman fahmi
For the fifth time this year, the Board of Governors of the Federal Reserve System in the US have voted unanimously to raise the interest rate paid on reserve balances by 0.5 basis points to 4.4 per cent, effective December 15, 2022. The target range for the federal funds rate has been raised to 4.25 to 4.5 per cent, with a view to tame inflation. Rate, Benchmark, Interest Rates, Bank Of England, Federal Reserve, Unemployment Rate, Economic Activity, Economic Systems

For the fifth time this year, the Board of Governors of the Federal Reserve System in the US have voted unanimously to raise the interest rate paid on reserve balances by 0.5 basis points to 4.4 per cent, effective December 15, 2022. The target range for the federal funds rate has been raised to 4.25 to 4.5 per cent, with a view to tame inflation.

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Jessa Nuñez

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