Connect with us

Hi, what are you looking for?

Videos

Fed Raises Interest Rates by 75 Basis Points

Avatar photo

Published

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s. Bloomberg’s Michael McKee reports on a special edition of “Bloomberg Surveillance.”
——–
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more:
Connect with us on…
Twitter:
Facebook:
Instagram:

Credit: YouTube/Bloomberg Markets and Finance

In this article:

You May Also Like

News

Peloton Decides to Shift Manufacturing Operations

Peloton, known for their stationary exercise bikes and treadmills, has faced significant financial challenges over the past year. The company experienced a surge in...

July 12, 2022

News

US Stores Considering Allowing Customers to Keep Items and Get a Refund to Manage Excess Inventory

Amid the ongoing global supply chain challenges, many retailers in the United States are grappling with surplus seasonal stock, leading to increased storage costs...

June 27, 2022

News

The Euro Experiences the Largest Decline in 20 Years

With the continuous increase in gas prices, a decrease in consumer confidence, and the ongoing conflict in Ukraine, the European economy faces significant challenges....

July 5, 2022

News

Ford Announces New Unit Dedicated to Developing EVs

As the demand for electric vehicles grows and the push for environmental sustainability increases, automakers are gearing up to focus more on the development...

April 21, 2022

News

Coinbase Makes Significant Workforce Reduction, Letting Go of Around 1,100 Employees

Today, Brian Armstrong, the CEO of Coinbase, conveyed to his team through a company-wide email that due to declining stock and crypto values and...

June 14, 2022

News

Musk’s Bid to Cancel Twitter Deal Strengthened by Whistleblower Report Disclosed by Cybersecurity Expert on Twitter

Recently, Peiter “Mudge” Zatko, a former cybersecurity specialist at Twitter, published a whistleblowing document on the platform. Zatko highlighted several security issues with Twitter,...

August 30, 2022

News

Recent Study Shows Surge in Zelle Scams

Zelle is a popular peer-to-peer payment service that allows individuals to send and receive money, similar to apps like Venmo. It is widely used,...

October 4, 2022

News

Chinese Billionaires Experience Massive Losses in Stock Market Decline

Recently, after Chinese President Xi Jinping secured a third term, there was a sharp decline in the stock market in Hong Kong. Investors became...

October 25, 2022