Tag: interest rates

US Federal Reserve hikes interest rates by 0.75%

US Federal Reserve hikes interest rates by 0.75%

| 27/07/2022 | 100 Comments

(CNS): The US Federal Reserve enacted its second consecutive 0.75% interest rate increase on Wednesday, taking its benchmark rate to a range of 2.25% to 2.5% following a two-day policy meeting. In an effort to tackle soaring inflation, Fed Chair Jerome Powell said the increase was essential and there will be more to come to […]

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