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US Fed Reserve hikes rate by 0.75% for fourth time

03 Nov 2022
Business
US Fed Reserve hikes rate by 0.75% for fourth time
Washington, Nov 3 (IANS) In its sixth hike of the year, the US Federal Reserve on Wednesday announced it is boosting its benchmark interest rate by another 0.75 per cent - the fourth consecutive 0.75 per cent increase.
The announcement comes days before the crucial mid-term elections on November 8.

--IANS vd

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)