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HomeRate rises could add $8.6 trillion to global borrowing costs -S&PFILE PHOTO: Federal Reserve Chair Jerome Powell interest rate announcement

FILE PHOTO: Federal Reserve Chair Jerome Powell interest rate announcement

FILE PHOTO: Screens on the trading floor at New York Stock Exchange (NYSE) display the Federal Reserve Chair Jerome Powell during a news conference after the Federal Reserve announced interest rates will raise half a percentage point, in New York City, U.S., December 14, 2022. REUTERS/Andrew Kelly/File Photo
Federal Reserve Board Building in Washington
FILE PHOTO: Federal Reserve interest rate announcement  at the
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