Wednesday, November 2, 2022

Fed delivers big rate hike, signals possible smaller increases ahead

The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the "cumulative tightening of monetary policy" it has enacted so far.

from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/SefrtFA
via IFTTT

No comments:

Post a Comment

What is ‘launching soon’? White House official page posts strange, unexplained videos amid US‑Iran war

Amid escalating US‑Iran tensions, the White House posted two cryptic videos, one deleted within 90 minutes, that quickly fueled online specu...