Fed Set for Big Rate Hike as Waters Get Choppy for World’s Central Banks
WASHINGTON, Sept 21 – The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point. It is for the third time in a row and signaled how much more and how quickly borrowing costs might need to rise. To control a potentially corrosive inflation outbreak. The policy decision, to be announced at […]
Dollar Pain Spreads from Emerging to Developed Economies
Developed economies are taking a hit from dollar appreciation to multi-decade highs in ways once more familiar to their emerging-market peers. The dollar is driven by the Federal Reserve’s most aggressive tightening cycle in more than a generation. A stronger dollar pushes rival currencies lower and raises the cost of imported goods. The dollar also […]