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flag Federal Reserve raises interest rates by 0.25% to combat inflation above 4%.

flag -wsj- The Federal Reserve announced a 0.25% increase in interest rates today, aiming to curb inflation that has risen above 4% year-over-year. flag This is the Fed's fifth rate hike this year. flag Stock markets initially dipped but stabilized by the close of trading. flag Economic experts suggest this move could slow down housing and car sales but is necessary to control inflation.

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