Skip to main content

US Federal Reserve leaves key interest rate unchanged

The Federal Reserve has decided to keep its primary interest rate unchanged at 5.25%-5.5% in an effort to achieve a "gentle landing" for the US economy. The central bank aims to cool down inflation without causing a severe recession. The Federal Reserve has been implementing a series of interest rate hikes since March 2022 to slow down the economy and rein in inflation. While progress has been made, certain service costs are still increasing at a higher rate than before the pandemic.

from Times of India https://ift.tt/zwfkoW8
Labels:

Comments

Post a Comment

Popular posts from this blog

Listen To Indian Muslims' "Mann Ki Baat": Jama Masjid Shahi Imam To PM

Jama Masjid's Shahi Imam Syed Ahmed Bukhari on Friday expressed concerns over the "storm of hatred" in the country, and urged Prime Minister Narendra Modi to listen to the 'Mann Ki Baat' of Muslims. Citing recent incidents like the Nuh riots and the killing of four persons by a railway police jawan on a running train, Ahmed Bukhari suggested in his Friday sermon at the historic mosque that PM Modi and Home Minister Amit Shah hold dialogue with intellectuals from the community. "I have been compelled to speak due to the existing situation in the country. The situation in the country is worrisome and a storm of hatred is posing grave danger to peace in the country," Ahmed Bukhari said. "You say your 'Mann Ki Baat' but you also need to listen to the 'Mann Ki Baat' of Muslims. The Muslims are troubled due to the prevailing conditions and worried about their future," Ahmed Bukhari said, referring to PM Modi's monthly radio pro...
Post a Comment
Read more