'Almost all' Fed officials backed quarter-percentage-point hike

A solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of increases in the US central bank's benchmark overnight interest rate to a quarter of a percentage point, but also agreed the risks of high inflation remained a "key factor" shaping monetary policy and warranted continued rate hikes until it was controlled.

from Times of India https://ift.tt/wsCvigd
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