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Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years. The rate hike, the Fe

US: Biden appoints Indian-American businesswo United President Joe Biden has recently announced the appointment of Indian-American business leader and founder and president of Mastercard's Center for Inclusive