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Fed hikes interest rates by 50 basis points in effort to combat inflation

The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Fed hikes interest rates by 50 basis points in effort to combat inflation

The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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