Overview
The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the US.
Source
Originally published at www.aljazeera.com.
Politics
US Fed raises interest rates as inflation weighs on economy
Key Takeaway
The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the US.
Frequently Asked Questions
What is "US Fed raises interest rates as inflation weighs on economy" about?+
The 25 basis-point hike is the first raise in three years and comes ahead of critical midterm elections in the US.
Who reported this story?+
This story was reported by Al Jazeera.