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US Federal Reserve Minutes Show More Rate Hikes Coming, Concern About Stablecoin Risks



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The FOMC boosted the interest rate by a robust 75 basis points in July as part of its hawkish monetary campaign to tame inflation, which has hit a four-decade high. The committee, which meets regularly to set U.S. monetary policy, is widely expected to increase the rate by a similar amount at its September meeting.



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