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Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades to fight inflation that is running at a 40-year high.
Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, whi...

A cryptic tweet from “Big Short” investor Michael Burry is adding to the grim mood on a day when markets are sliding and there are signs that the US housing boom is slowing down.
It’s not clear exactly what Burry , who runs Scion Asset Management, meant. Twitter users urged him to specify what he believed would catalyze another financial collapse on the magnitude of the 2008 crisis.
Economic Data | Sales of newly b...