US interest rates raised for first time in three years
Fed Chair Kevin Warsh said the move was because "inflation is too high and has been for too long", adding that it was a "sober" and "responsible decision".
The US Federal Reserve raised interest rates for the first time in three years, citing persistently high inflation. Fed Chair Kevin Warsh called the decision "sober" and "responsible."
Filed Under
What did you make of this
Sign in to react and save stories. Reading is always free.
Be the first to comment
Sign in to join the conversation. Reading is always free.
Related Reports & Analysis
Fed raises rates, signals another hike as inflation persists
Despite pressure from Trump for lower borrowing costs.
US Rate Hike Threatens Naira as Investors Eye Safer Dollars
The US Federal Reserve’s decision to raise interest rates by 25 basis points could increase pressure on emerging markets as investors reassess the returns available from dollar-denominated assets. The post US rate hike threatens naira as
Hawkish US Fed Tempers Naira's Bullish Outlook
The recent 25-basis-point rate increase and hawkish forward guidance issued by the U.S. Federal Reserve have exerted upward pressure on the US dollar, thereby limiting near-term bullish sentiment in the Nigerian Naira. The post Hawkish US F
Bitcoin under renewed pressure as looming Fed hike adds to woes
Bitcoin, which fell 4% in US trading, declined further in Asia Wednesday before stabilising at around $75 700 at 11:50 a.m. in Singapore.