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Wednesday, September 20, 2023

US Federal Reserve rate pauses rate hike, sees tighter policy for year

The US Federal Reserve decided to keep interest rates unchanged but adopted a more hawkish stance. They anticipate an additional rate increase by the end of the year, maintaining a benchmark overnight interest rate peaking in the 5.5-5.75% range, just a quarter of a percentage point above the current range. However, their updated projections show rates falling only half a percentage point in 2024 compared to previous expectations.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iGOBZm2

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Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...