Wednesday, July 27, 2022 – 10:27 PM
ABU DHABI, July 27 / WAM / The US Federal Reserve raised interest rates by 75 basis points for the fourth time in a row this year.
The US Federal Reserve decided, at the end of its meeting today, to increase the interest rate to a range between 2.25% and 2.5%.
The US Federal Reserve raised the interest rate by 75 basis points last June in the largest increase since 1994, following raising it by half 50 basis points in May, the largest increase in 22 years, in addition to an increase of 25 basis points in March of the same year .
WAM / Ramy Samih / Ahmed Al-Boutli
