The US Federal Reserve raised the interest rates by 75 basis points, marking the 6th hike this year. It however said that future hikes may be smaller.
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The US Federal Reserve on Wednesday announced that it will increase the standard interest rate to 0.75 percent 75 basis points.
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The US Federal Reserve on Wednesday announced that it will increase the standard interest rate to 0.75 percent 75 basis points.
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Cost of eating items in the US is increasing at the fastest rate since the oil embargo of the 1970s and grocery prices rising 13.5 percent
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This decision by the US Fed is considered to control the rising rate of cost of inflation and the soaring price of goods that are being felt by families in the US as well as the rest of the world.
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This decision by the US Fed is considered to control the rising rate of cost of inflation and the soaring price of goods that are being felt by families in the US as well as the rest of the world.
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The hike is likely to trigger jitters in market participants on the Thursday despite the fact that the rate hike was anticipated.
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Additionally it is anticipated to increase the strength of the US Dollar that is currently near a record level