9.22 PM Tuesday, 16 April 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:36 05:52 12:21 15:49 18:45 20:02
16 April 2024

US Fed raises interest rates by 25 basis point

Published
By WAM

The US Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday.

"Inflation has eased somewhat but remains elevated," the US central bank said in a statement.