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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. […]
The Federal Reserve is committed to getting inflation to its 2% target, which means interest rates will continue to rise, US FED Chair Powell speaks in a conference speech on Friday. But how much more will depend on future data, he said. Since the Fed’s policymaking arm met in July, the Fed has seen some […]
Sen. Elizabeth Yellen (D-Mass) said to Federal Reserve chair Jerome Powell that not to push to the economy towards recession with interest rate hikes. She said Powell must be careful in this matter. At Senate Banking Committee hearing on Wednesday Yellen talked about how the interest rate hikes to help cope with growing U.S. prices […]