WorldPingThe widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.
This is a short WorldPing brief. The full report was published by CoinDesk.
Read the full report at CoinDeskMore coverage: all crypto & markets news on WorldPing.
WorldPingFed committee votes unanimously to raise interest rate by a quarter-percentage point to a range of 3.
Brief by WorldPing · Original reporting by The Guardian
WorldPingThe Federal Reserve delivered the hike Wall Street had almost unanimously priced in.
Brief by WorldPing · Original reporting by Decrypt
Article URL: https://www.wsj.com/economy/central-banking/fed-raises-rates-for-first-time-in-three-years-08539fbe Comments URL: https://news.ycombinator.com/item?id=49731515 Points: 15 # Comments: 2…
Brief by WorldPing · Original reporting by Hacker News
WorldPingInflation has been above 2% for five years. The Fed just decided that was long enough.
Brief by WorldPing · Original reporting by Fortune
The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.
Brief by WorldPing · Original reporting by Al Jazeera
WorldPingThe US Federal Reserve's hike decision comes on the back of persistent inflation and a broader increase in global borrowing costs. Inflation has remained stubbornly elevated, while borrowing costs around the world have moved higher.
Brief by WorldPing · Original reporting by Times of India
WorldPing