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US Fed raises interest rates 75 basis points for 3rd straight time This Wednesday, US Federal Reserve made an announcement for raising its interest rate by 75 basis points 3rd time consecutively, aiming to fight the growing inflation. FOMC (Federal Open Market Committee) decided to raise the target for the federal funds to 3-3.25% range. […]
Jerome Powell the Central Bank’s Chair said on Friday that US Federal is deeply concentrating on returning inflation level to its 2% from the current 40-year record high. Jerome Powell also told Fed vows to fulfill its dual mandate which maximum employment and stability in prices. He also added that financial stability motivates the international […]