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U.S. central bank hikes interest rate

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The bank had been anticipated to raise its rate by half a chance point, but those prospects were ratcheted up in recent days as data showed theU.S. affectation rate has yet to peak, touching8.6 per cent in the time up to May.
” Affectation remains elevated, reflecting force and demand imbalances related to the epidemic, advanced energy prices, and broader price pressures,” the bank said in explaining its decision.

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