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Montevideo, September 30th 2022 - 23:20 UTC

 

 

Fed's Powell and the unfortunate costs of reducing inflation: third 75 basis points interest rate hike

Thursday, September 22nd 2022 - 09:04 UTC
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Challenged by the highest level of inflation experienced in the US in over 40 years, the Federal Reserve decided on Wednesday a third consecutive interest rate hike of 75 basis points, bringing the benchmark rate up to a range of 3.0% to 3.25% from 2.25% to 2.50%. Read full article

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