Today news
About the same in other media
Fed’s Inflation Fight Has Some Economists Fearing an Unnecessarily Deep Downturn
Reading now: 662
wsj.comSome economists fear the Federal Reserve—humbled after waiting too long to withdraw its support of a booming economy last year—is risking another blunder by potentially raising interest rates too much to combat high inflation.
The Fed has lifted rates by 0.75 percentage point at each of its past three meetings, bringing its benchmark federal-funds rate to a range between 3% and 3.25% last month—the fastest pace of increases since the 1980s. Officials have indicated they could make a fourth increase of 0.75 point at their Nov. 1-2 meeting and raise the rate above 4.5% early next year.
Read more on wsj.comAbout this in other media
South Korean Prosecutors: Do Kwon Left Singapore for Dubai Last Month cryptonews.com /2 years ago
UK inflation rate hits 10.1%, British Bitcoin community responds cointelegraph.com /2 years ago
Crypto News Summary: Bitstamp Integrates PayPal, Dubai Police Works in Metaverse cryptonews.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
