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US Fed Reserve hikes rate by 0.75% for fourth time

By IANS | Published: November 03, 2022 12:06 AM

Washington, Nov 3 In its sixth hike of the year, the US Federal Reserve on Wednesday announced it ...

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Washington, Nov 3 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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