Breaking: The Federal Reserve raised rates by a quarter point to fight high inflation and signaled greater uncertainty about future increases amid banking stress
marked the Fed’s ninth consecutive rate increase aimed at battling inflation over the past year. It will bring its benchmark federal-funds rate to a range between 4.75% and 5%, the highest level since September 2007.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD jumps above 1.0800 to fresh six-week highs as Fed raises rates as expectedThe EUR/USD jumped from 1.0790 to 1.0845, following the decision of the Federal Reserve (Fed) to raise interest rates by 25 bps as expected. The US Do
Read more »
Fed hikes rates by a quarter percentage point, indicates increases are near an endThe Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
Read more »
The Fed lifts rates by a quarter point as banking turmoil complicates inflation fight | CNN BusinessThe Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability.
Read more »
Fed rates, projections, stability concerns a 'mess' to be sortedThe U.S. Federal Reserve begins a two-day meeting on Tuesday, with some top central bank watchers saying it could well pause further rate hikes given recent trouble among banks or even delay releasing new economic projections because the outlook is so clouded.
Read more »
US: Fed seen hiking rates by 25 bps in March and May – UOBEconomist at UOB Group Lee Sue Ann suggests the Fed is likely to raise the Fed Funds Target Range by 25 bps at both its March and May gatherings. Key
Read more »
Fed's forecasts seen diverging from market over future path of interest ratesThe Fed will release updated projections for interest-rates and likely won't ratify the markets expectations of quick rate cuts.
Read more »