Fed hikes interest rates again

Credit : Google image

Credit : Google image

US's Federal Reserve raised the interest rates for the fourth straight time

Credit : Google image

With the latest hike of 75 basis points, Fed is also also signalling that their aggressive campaign to curtail inflation could be approaching its final phase

Credit : Google image

The rate hike lifts the target for the benchmark federal funds rate to a range of 3.75% to 4%, its highest level since 2008

Credit : Google image

It was the US Central bank's sixth rate hike this year

Credit : Google image

Inflation in the US is at a four decade high

Credit : Google image

Fed Chair Jerome Powell has said while the rate hikes may slow down in the coming months, the fight against inflation is not even close to over

Credit : Google image

Many economists now expect the Fed rate hike in December to be only be only a half-point rather than three-quarters

Please Share This Stories