US Federal Reserve Hikes Interest Rate By 75 bps To Fight Inflation | Biggest Hike Since 1994

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The US Federal Reserve has announced a three-quarter of a percentage point or a 75 bps hike in its target interest rate, in what is being seen as a move to curb the spiralling inflation. This happens to be the biggest increase since 1994. In this episode of Big News we shall understand the likely impact on global markets and what it would mean for India.

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