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Fed hikes rates half point, will shrink assets to curb US inflation

The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.

Topics
US Fed rates | Jerome Powell | US economy

Matthew Boesler | Bloomberg 



US Federal Reserve
Photo: Bloomberg

The Federal Reserve raised interest rates by the steepest increment since 2000 and decided to start shrinking its massive balance sheet, deploying the most aggressive tightening of monetary policy in decades to control soaring inflation.

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First Published: Wed, May 04 2022. 23:37 IST

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