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Federal Reserve Expected to Implement Fourth Consecutive Interest Rate Hike

The Federal Reserve is expected to raise its benchmark interest rate by 75 basis points on Wednesday, marking the fourth meeting in a row in which an interest rate hike would be implemented. Following the announcement, markets expect the central bank to slow down...

Fed New York President John Williams Says Interest Rates Need to Go Up to 4.5%

Despite the interest rates surging from near zero to 3% to 3.25% from March, the Fed still intends to remain aggressive in attempts to fight inflation. According to Federal Reserve New York President John Williams, the interest rates need to get up to at...

Credit Card Interest Rates Poised to Hit Record High

Credit card interest rates are expected to reach record heights following the US Federal Reserve's decision to up its benchmark interest rate by another 0.75 points. The average variable credit card rate, which is now 18.16% according to Bankrate.com, is expected to follow in...

Swiss National Bank Hikes Interest Rate By 75 Points

The Swiss National Bank raised its interest rates by 75 points on Thursday—only its second increase over the last 15 years. This hike comes as it joins other European central banks in an effort to curb drastically rising prices. As was expected by economists polled...

Oil Falls Amid Growing Interest Rate Concerns

Oil markets declined ahead of central bank meetings later this week during which the further tightening of monetary policy is expected to be discussed. West Texas Intermediate declined by about 1% to trade at $84 per bottle while the dollar continues to strengthen. Earlier...

British Interest Rates Pushed to 4% Amid Inflation Battle

The possibility of British interest rates hitting 4% by next spring seems increasingly likely as the Bank of England continues to tighten up on its policies ahead of what is expected to be a difficult winter period, particularly as the gas crisis worsens. With...