US Federal Reserve hikes interest rate to 3.75-4% range; first time since 2023
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The 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.
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Original Source
https://timesofindia.indiatimes.com/business/international-business/us-federal-reserve-chair-kevin-warsh-led-fomc-hikes-interest-rate-to-3-75-4-range-first-time-since-2023/articleshow/134292267.cms
