Fed delivers small rate increase, says 'some additional' tightening possible

Fed delivers small rate increase, says 'some additional' tightening possible

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The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S. banks. The move set the U.S. central bank's…

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