The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.
Tag: Interest Rates
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Fed Raises Interest Rates But Hints at Future Pause
The Fed raised rates by a quarter point, bringing them above 5 percent for the first time in more than 15 years.
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What Fed Rate Increases Mean for Mortgages, Credit Cards and More
Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.
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What to Watch at the Fed’s May Meeting
Federal Reserve officials will release a rate decision at 2 p.m. The key question is what will come next.