The US Federal Reserve confirmed a widely expected second straight 75 basis point rate increase on Wednesday, lifting its benchmark to a range of 2.25 per cent to 2.5 per cent – the highest level since 2018. Photo: Xinhua
US, China urged to be ‘responsible’ global economic leaders in wake of Fed rate hike
- US Federal Reserve confirmed a widely expected second straight 75 basis point rate increase, lifting its benchmark to a range of 2.25 per cent to 2.5 per cent
- On Thursday, China’s Politburo refrained from strong stimulus, instead pledging to use proactive fiscal policy to drive up economic growth
The US Federal Reserve confirmed a widely expected second straight 75 basis point rate increase on Wednesday, lifting its benchmark to a range of 2.25 per cent to 2.5 per cent – the highest level since 2018. Photo: Xinhua