Central banks around the world raise interest rates

Central banks around the world raise interest rates

Central banks around the world raise interest rates – CBS News


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Central banks around the world are risking recession and raising interest rates. They’re following the lead of the U.S. Federal Reserve, which approved its third consecutive 75 basis-point hike Wednesday in the hopes of cooling inflation rates. Reuters Federal Reserve correspondent Howard Schneider joined CBS News to discuss the global impact.

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