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How The US Fed Rates Impact Consumers And Investors?

The Federal Reserve has hiked its benchmark interest rate by 75 basis points for a second straight time in its most aggressive drive in three decades to tame high inflation. 

The US Fed has been grappling with high inflation, which is now at 9.1 per cent, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy.