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Benzinga
Benzinga
Business
Adam Eckert

SHOCKING: Why amazon stock jumped 5 today | Mind Blowing Facts

Amazon.com Inc (NASDAQ:AMZN) shares surged Wednesday following the Federal Reserve's rate hike announcement.

What To Know: In an effort to tame rising inflation, the Fed raised interest rates by three-quarters of a percentage point, representing the most aggressive rate hike since 1994.

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