US Fed hikes rates by 75 bps, flags slowing economy

https://ift.tt/OMo3lAr The US Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

https://ift.tt/JO103NV from Times of India https://ift.tt/OMo3lAr