WorldPingThe Federal Reserve unanimously voted to increase interest rates to 3.75%-4% from 3.5%-3.75% on Wednesday.
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The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.
Brief by WorldPing · Original reporting by Al Jazeera
WorldPingThe move comes as Americans are already struggling with high costs for groceries, gas, and housing.Affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away…
Brief by WorldPing · Original reporting by The Hindu
WorldPingThe US Federal Reserve's hike decision comes on the back of persistent inflation and a broader increase in global borrowing costs. Inflation has remained stubbornly elevated, while borrowing costs around the world have moved higher.
Brief by WorldPing · Original reporting by Times of India
WorldPingTrump urges lower rates after central bank agrees increase by quarter-percentage point to range of 3.
Brief by WorldPing · Original reporting by The Guardian
WorldPingInflation has been above 2% for five years. The Fed just decided that was long enough.
Brief by WorldPing · Original reporting by Fortune
WorldPingThe Federal Reserve just did something it hadn’t done in 1,148 days: raise interest rates. The Federal Open Market Committee (FOMC) voted 12-0 to lift the federal funds target range by a quarter percentage point to 3.
Brief by WorldPing · Original reporting by Bitcoin.com
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