US Fed further raises key interest rates in fight against inflation

Washington [US], November 3 (ANI): The US Federal Reserve has yet again raised key interest rates in its fight against red-hot inflation in the country. It raised the key policy rate by 75 basis points to over a decade high at 3.75-4.0 per cent in its latest monetary policy meeting.

Notably, this is the fourth consecutive hike of such magnitude.

Raising interest rates is a monetary policy instrument that typically helps s