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The Fed raises interest rates for the first time in over three years

The Federal Reserve raised its benchmark interest rate Wednesday to combat stubborn inflation. That will make it more expensive to borrow money to buy a car or carry a balance on a credit card.

Reporting and discussion

  1. NPR: The Fed raises interest rates for the first time in over three years
  2. BBC News: US interest rates raised for first time in three years
  3. France 24: US Federal Reserve hikes interest rates for the first time in three years