Summary Economic News Today

The Korean economy appears destined to continue experiencing the negative impact of high U.S. interest rates following the U.S. Federal Reserve’s hawkish pause on its policy rates, according to analysts, Thursday. The Fed on Wednesday left its benchmark lending rates unchanged at a range of 5.25 percent to 5.5 percent for the second straight meeting since July.

03.11.2022 Powell shows more than one way to tighten policy Federal Reserve raised Fed Funds rate by 0.75% to 3.75-4.00% by unanimous decision as widely expected Accompanying statement made no changes