U.S. central bank holds interest rate steady but says 2 more hikes are coming | CBC News
Briefly

The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation.But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month.The Fed's move to leave its benchmark rate at about 5.1 per cent, its highest level in 16 years, suggests that it believes the much higher borrowing rates it's engineered have made some progress in taming inflation.
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