Page 77 - Us Fed News Today

The US central bank's chief made an appeal to Americans struggling with high inflation to be patient while officials take hard measures to bring it under control.

Wall Street was headed for a steady start with stock index futures slightly firmer ahead of the open, helped by positive earnings updates from Advanced Micro Devices, which rose 6% pre-market after forecasting stronger than expected full year revenue Get more World News and Business News on Zee Business.

Fed raises interest rates by 50 bps, Wall Street closes with sharp gains: Report

As the US central bank announces its sharpest rate increase in 22 years to address decades-high inflation, analysts speculate on how Beijing will try to soften the economic blow.

US stocks slide as investors reassess Fed comments - OPEC+ oil group agrees to small production increase - Germany to step up supervision of Facebook parent

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US Fed raises rates by half a percentage point - EU sanctions target Russian oil, more banks - Australia's winemakers hit by Chinese tariffs

Gold prices likely to witness pressure on anticipation of US Fed's policy stance

After two weeks of prolonged volatility, the ringgit is expected to stabilise next week due to prospects of a sharper interest rate hikes by the US Federal Reserve.

Decision-makers must avoid strategic rigidity and stay quick-footed with an active ‘war room’ to monitor the flux they face