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
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
Economy /  Economic Indicators

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

Frank Tang
Frank Tang in Beijing

Updated: 7:38pm, 28 Jul, 2022

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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
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
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