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Nalezeno "economics": 1810

Fed Raises Rates by 75 Basis Points


  On Wednesday, the US Federal Reserve (Fed) raised rates by 75 basis points, in line with most analysts’ forecasts. (This is a developing story and is being constantly updated.) “[…] the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent...

This Is Why Fed Might Attack Inflation More Aggressively


Veronika Dolar, Assistant Professor of Economics, SUNY Old Westbury._______ Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there’s concern it could cause unemployment...

US Inflation for May Hits 8.6%, Above Analysts’ Expectations


  US inflation hit 8.6% in May, up from 8.3% in April and above analysts’ expectations. "While almost all major components increased over the month, the largest contributors were the indexes for shelter, airline fares, used cars and trucks, and new vehicles,” the announcement from the US Bureau...

Dollar Dominance and the Rise of Nontraditional Reserve Currencies


  Serkan Arslanalp is Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF)’s Statistics Department; Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California; Chima Simpson-Bell is...

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