US Federal Reserve hikes interest rates 0.75% to curb inflation
By France24
18 June 2022 |
4:10 pm
Federal Reserve raises key interest rate 0.75% as it tries to calm inflation. The Federal Reserve said on Wednesday that it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades.
In this article
Related
Related
2 days ago
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
1 hour ago
US lawmakers have voted for fresh assistance for Taiwan, allowing the island to upgrade its military hardware. Taiwan's president-elect says it will "safeguard peace," but China says it raises the risk of war.
1 hour ago
1 day ago
The German government revised its economic growth forecast for 2024 marginally from 0.2% to 0.3%, Economy Minister Robert Habeck confirmed on Wednesday afternoon.
5 hours ago
Private sector players are urging the Nigerian government to suspend the increase in electricity tariff for band A customers, citing the recent appreciation of the naira, a part of the determining factor for the tariff. Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria, joins CNBC Africa for this and more.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
Latest
1 hour ago
Guardian Woman Festival: Fostering inclusion and empowerment in aviation.
5 hours ago
Amnesty International is accusing Israel of a flagrant disregard for international law during its offensive in Gaza. The organisation's annual report says the situation is being compounded by the failures of Israel's allies to stop the indescribable civilian bloodshed being seen in the Palestinian enclave.
5 hours ago
The president of the Confederation of African Football (CAF) Patrice Motsepe discussed his ambitions for African football and his tenure as CAF president.
1 day ago
Tunde Onakoya, the Nigerian Chess expert who smashed the previous Guinness World Record for the longest chess marathon has returned to Nigeria. The founder of Chess In Slums Africa broke a new record of 60 hours of playtime in New York’s Times Square last Saturday, which is still receiving confirmation from GWR.
1 day ago
Israel's economy suffered a major contraction in the final quarter of 2023, following the terrorist attacks. Its economy shrank by 5.2% compared with the previous quarter. Much was related to the labor force disruption which resulted when around 300,000 reservists were called up to the country's armed forces.
1 day ago
The central Mexican city of Celaya has become the scene of a brutal turf war between rival drug cartels. These criminal groups have taken advantage of its strategic position at the crossroads for transporting drugs into the United States. Kidnappings, shootouts with police and drive-by killings now occur on an almost daily basis in broad daylight. Nearly 500 people were killed in Celaya last year. The city's police officers (pictured) risk their lives every day and are forced to travel in armoured vehicles. Our France 2 colleagues report, with FRANCE 24's Lauren Bain.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.