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rnews:headline
  • Fed opens policy meeting, preparing for another rate hike (en)
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rnews:articleBody
  • The US central bank opened its two-day policy meeting on Tuesday, preparing for another salvo in the war on rising inflation in the form of a big interest rate increase.

    The policy-setting Federal Open Market Committee is expected to hike the benchmark borrowing rate on Wednesday by another three-quarters of a percentage point

    It would be the fourth rate hike this year, in the effort to stamp out inflation, after annual consumer prices soared 9.1 percent in June.

    hs/to

    (en)
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rnews:dateModified
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rnews:dateline
  • Washington
rnews:identifier
  • urn:newsml:afp.com:20220726T143401Z:TX-PAR-JJQ79:1
rnews:inLanguage
  • en
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  • US-economy-bank-rate-inflation
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schema:keywords
  • US
  • economy
  • inflation
  • bank
  • rate
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