The head of the US central bank has warned that officials could raise interest rates farther and faster than previously expected in order to stabilise prices. US stocks fell and the dollar rose following the remarks, which come just a few weeks before the bank is due to make another rates announcement. Many analysts had been expecting another 0.25 percentage point increase.
You May Also Like
India, China discuss border peace on G20 sidelines
New Delhi: The foreign ministers of India and China discussed bilateral “challenges”…
- Alina Hashmi
- March 3, 2023
US defence secretary underscored protection of civilians in Gaza
US Defence Secretary Lloyd Austin called Israeli Defence Minister Yoav Gallant. He…
- Alina Hashmi
- October 28, 2023
Israel budget deficit rises to 6.9% of GDP due to war costs
Israel posted a budget deficit of 19.2 billion shekels ($5.2 billion) in…
- Alina Hashmi
- January 13, 2025
ACB optimistic for Test match against Australian women team
New chairman of Afghan Cricket Board (ACB), Azizullah Fazli told Reuters that…
- Alina Hashmi
- September 14, 2021