SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

US Federal Reserve raises interest rates to 3.75-4% for first time since 2023

0
·2 views

The US Federal Reserve has raised its benchmark interest rate to a range of 3.75-4%, marking its first such hike since 2023. The decision was driven by persistently high inflation that has remained difficult to bring under control. Rising global borrowing costs also contributed to the central bank's move. The rate increase reflects the Fed's continued effort to tighten monetary policy in response to broader economic pressures.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

US Officials Met Houthi Leaders in Oman, Secured Assurances on Red Sea Attacks

American officials held a meeting with Houthi representatives in Oman on Sunday, following the group's seizure of a large stretch of the Red Sea coastline. During the talks, Houthi leaders assured the US that they would not target American vessels in the region. The group also pledged to observe a ceasefire through 2025 and committed to halting attacks on Israeli and commercial ships, with the exception of Saudi vessels. The meeting is the result of months of diplomatic negotiations conducted against a backdrop of repeated Houthi strikes on Red Sea shipping.

0 comments Read more at Times of India