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 […]
Global economy faces four key risks, warns Singapore’s MAS chief
The global economy faces not one, but four key uncertainties. It includes a recession next year, according to Singapore’s central bank chief Ravi Menon. A recession would be a sign that authorities will be in firefighting mode for longer. The key question is how deep and prolonged the recession will be. Menon is the managing […]