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Fed hikes rate again by 75 basis points, hints at entering end phase
Federal Reserve officials delivered their fourth straight 75 basis-point interest rate increase while also signaling their aggressive campaign to curb inflation could be approaching its final phase.
The Fed said that “ongoing increases” will likely be needed to bring rates to a level that is “sufficiently restrictive to return inflation to 2% over time,” according to the Federal Open Market Committee's statement released in Washington Wednesday following a two-day meeting. Read more
Abuse of Liberalised Remittance Scheme for offshore betting under CBIC lens
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