US Federal Reserve hikes interest rate by 25 basis points to check inflation

 The US Federal Reserve has raised interest rates by 25 basis points to check inflation. The Fed is aiming to bring inflation under 2 per cent and for that it has resorted to the fastest rate hikes in history, with ten increases since March 2023. 

 
AIB NEWS 

Despite the repeated rate hikes, inflation has not come down sharply. In March, inflation slowed to 5 per cent - which was still well above the Fed's target.

Fed, in the last meeting on March 22, hiked interest rates by 25 basis points and said that its rate-setting panel sought "to achieve maximum employment and inflation at the rate of 2 per cent over the longer run".

SOURCE ; AIR NEWS

 Social media is bold.

Social media is young.

Social media raises questions.

 Social media is not satisfied with an answer.

Social media looks at the big picture.

 Social media is interested in every detail.

social media is curious.

 Social media is free.

Social media is irreplaceable.

But never irrelevant.

 Social media is you.

 (With input from news agency language)
 If you like this story, share it with a friend!   
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure .