Wednesday, June 15, 2022

US Federal Reserve hikes rates by 75 bps, flags slowing economy

The US Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OMo3lAr

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