The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on Wednesday in an effort to cool the most intense breakout of inflation since the 1980s, with "ongoing increases" in borrowing costs still ahead despite evidence of a slowing economy. Coming on top of a 75-basis-point hike last month and smaller moves in May and March, the Fed has raised its policy rate by a total of 225 basis points this year.
from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/V9LtGYU
Wednesday 27 July 2022
Home
Latest USA News
US News
US News Headlines
US news live on Times of India
US: Fed opts for 75-basis-point rate hike, flags weakening economic data
US: Fed opts for 75-basis-point rate hike, flags weakening economic data
Tags
# Latest USA News
# US News
# US News Headlines
# US news live on Times of India
Share This
About Unknown
US news live on Times of India
Subscribe to:
Post Comments (Atom)
Author Details
India Hindi News App Brings You The Latest News And Video From The Hindi Top Breaking News Studio In India. Stay Tuned To The Latest News Stories From India And The World. Access Video And Photo On Your Device With The Hindi Top Breaking News India News App.
No comments:
Post a Comment