Federal Reserve Raises Interest Rates for 11th Consecutive Time Amidst Inflation Concerns The Federal Reserve has made its latest move in the ongoing battle against inflation, raising interest rates for the 11th time in a row. The decision, announced in a highly anticipated meeting, aims to curb the rising cost of living and stabilize the US economy. However, the rate hike is expected to have a ripple effect on the already fragile housing market and further squeeze consumers' purchasing power. As the US economy continues to navigate uncertain economic waters, the Fed's strategy will be closely watched by investors and economists alike.
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