The US Federal Bank's Federal Open Market Committee (FOMC) is set to meet this week. Led by Jerome Powell, the 16th Chair of the Fed, this meeting is expected to announce some big changes in the US monetary policy, especially the benchmark lending rates. Find the latest updates on this crucial meeting here., Economy News, Times Now
The US Federal Reserve s Federal Open Market Committee (FOMC) on Wednesday hiked its key interest rate by 25 basis points. This is the 11th since the US central bank launched its cycle of monetary tightening in March last year, after a brief pause in June. With this hike, the federal funds rate has risen to a range of 5.25 percent to 5.5 percent, its highest level since 2001, despite signs of slowing inflation., Economy News, Times Now