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News Wrap: Fed raises interest rates by quarter point, says more hikes likely

News Wrap: Fed raises interest rates by quarter point, says more hikes likely

In our news wrap Wednesday, the Federal Reserve raised interest rates by just a quarter point and said more hikes are likely, a winter storm disrupted life across the southern U.S. for a third day, the FBI searched President Biden's vacation home in Delaware but found no additional classified documents and a Russian rocket strike smashed into a residential building in eastern Ukraine, killing 2.

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