Tag Archives: US Fed downshifts campaign to tame inflation with smaller rate hike but still ‘some ways to go’

The United States Federal Reserve moderated its all-out campaign to cool inflation on Wednesday, lifting the benchmark lending rate by a half percentage point though warning there is still “some ways to go”. America’s central bank has taken aggressive moves to ease demand in the world’s biggest economy, hiking rates seven times this year with interest-sensitive sectors like housing already …

Read More »