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Topline
The Federal Reserve hinted Wednesday it may an end to its historic interest rate hike campaign, a crusade that roiled the American economy in an effort to check the worst inflation the nation experienced in a generation.
Key Facts
Interest rates: The Fed has bumped the target federal funds rate from between 0% and 0.25% to between 5% and 5.25% since March 2022—the highest level since September 2007 and the largest 12-month increase since 1980, though the Fed indicated in a Wednesday release it will pause further hikes.
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