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Coin Edition

2022-12-18 09:07:00

US Fed Raises Interest Rate by 0.5%; No Reduction till 2024

US Fed Raises Interest Rate by 0.5%; No Reduction till 2024

The US Federal Reserve raised the interest rates by 0.5% on Wednesday, indicating the highest level in 15 years. Along with the hike in the interest rates, Fed Chairman Jerome Powell and the other officials forecasted the interest rates of the next year which are expected to be higher, with no reductions till 2024. Significantly, the The post US Fed Raises Interest Rate by 0.5%; No Reduction till 2024 appeared first on Coin Edition .

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