Tag: Federal Reserve Bank
Fed Raises Interest Rate Again, by 0.25%, Despite Banking Crisis
The announced increase is the ninth consecutive rate hike by the Fed in a year as the central bank continues to fight rising inflation.
US Inflation Rose by More Than Six Percent Annually
Grocery prices rose by 11.3 percent over last year; energy prices rose by 8.7 percent and housing costs were up by 7.9 percent annually.
As Expected, Fed Raises Rates by 0.25 Point
The move brings the federal funds rate to a range of 4.5 percent to 4.75 percent, up from nearly zero last March.
Fed Raises Interest Rate by 0.75 Percentage Points, Sixth Increase This Year
The September consumer price index report showed annual inflation rose by 0.4 percent monthly since January 1, although the annual rate dropped slightly to 8.2 percent.
Turmoil in Egypt May be Driving Up Shekel-Dollar Rate
One dollar bought slightly more than 3.57 shekels Monday morning as the shekel lost some of its recent strength, possibly because of the violence...