Page 80 - Us Fed News Today

With the US Fed forecasting at least six more increases this year, and more to follow, the city being pegged to the US dollar is bound to feel their cumulative effect.

The central bank forecast inflation at 4.3 per cent for 2022, versus its typical target of 2 per cent a year. 

WASHINGTON - The US Federal Reserve on Wednesday raised its benchmark interest rate for the first time since 2018 as it seeks to tame the highest US inflation in four decades.

WASHINGTON - The US Federal Reserve on Wednesday raised its benchmark interest rate for the first time since 2018 as it seeks to tame the highest US inflation in four decades.

WASHINGTON - The US Federal Reserve on Wednesday raised its benchmark interest rate for the first time since 2018 as it seeks to tame the highest US inflation in four decades.

Japan and Hong Kong led a jump in regional stocks on Thursday, joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky.

New uncertainty over Fed moves saps allure of floating-rate debt

China is trying to shore up market confidence amid the looming threat of economic turbulence in the wake of the US Fed’s vow to continue raising interest rates.

At the closing bell, the blue-chip NSE Nifty 50 index was up 1.87 per cent or 312.35 points at 16,975.35, while the benchmark S&P BSE Sensex ended 1.86 per cent or 1,039.80 points higher at 56,816.65 points.

U.S. Fed raises interest rates for first time since 2018 amid surging inflation-