US Federal Reserve

Federal Reserve To Lift Interest Rates By A Quarter Point

Federal Reserve To Lift Interest Rates By A Quarter Point

The federal reserve is expected to raise the interest rate by a quarter point on Wednesday. According to the sources, the central bank will release its projection about the economy amid the inflation and bank crisis. Economists believe that the Fed’s decision to raise interest rates comes during uncertainty when the whole country goes through…

Rupee Hits The Record Low, Approaches Towards 82 Per Dollar 

Rupee Hits The Record Low, Approaches Towards 82 Per Dollar 

The Rupee hit a record low when the Indian currency edges closer to 82 levels against the US dollar. The rupee fell to 81.90 versus the US dollar as US bond rates rose and the US currency strengthened. The rupee finished 14 paise higher at 81.53 against the US dollar on Tuesday after hitting a…

Federal Reserve Imposed Highest Interest Rate Hike Since 1994

Federal Reserve Imposed Highest Interest Rate Hike Since 1994

On Wednesday, the Federal Reserve increased the interest rates considering the rising inflation in the United States. It is the highest rate hike by the Fed since 1994.  After a Federal officials meeting of two days, the central bank raised interest rates by 75 basis points. This move will help boost the Federal Funds rate…