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Federal Reserve raises interest rates for first time since 2023: What it means for your South Florida wallet

Federal Reserve raises interest rates for first time since 2023: What it means for your South Florida wallet
Photo: WPTV · view original

The Federal Reserve voted Wednesday to raise its benchmark interest rate by a quarter of a percentage point, the first such increase since 2023, in a move aimed at reining in stubbornly high inflation.

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