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Federal Reserve raises interest rates by 0.25% to combat inflation above 4%.
-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.
This is the Fed's fifth rate hike this year.
Stock markets initially dipped but stabilized by the close of trading.
Economic experts suggest this move could slow down housing and car sales but is necessary to control inflation.
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La Reserva Federal eleva las tasas de interés en 0.25% para combatir la inflación por encima del 4%.