usa news: The Fed is poised on Wednesday to raise interest rates for the sixth time this year.
\nThe hike will make it more expensive for consumers and businesses to borrow money.
\nThe central bank is boosting rates to curb inflation, which hovers near a 40-year high. But the higher rates risk pushing the economy into a recession.
\nThe Federal Reserve is poised on Wednesday to raise interest rates for the sixth time this year. That increase will have a direct impact on consumers’ wallets, making it even more expensive for them to get a mortgage and pay off credit card debt.<\/p>\n
The central bank is boosting rates to curb inflation, which hovers near a 40-year high. September’s consumer price index report showed that annual inflation fell slightly to 8.2% but rose by 0.4% on a monthly basis, exceeding economists\u2019 expectations. <\/p>\n
The Fed faces growing calls from lawmakers as well at the United Nations to stop hiking rates over concerns that it could ignite a painful recession. But it hasn\u2019t signaled it will hit the pause button time any time soon, as it aims to bring inflation closer to its 2% target, even if it causes job losses.<\/p>\n","protected":false},"excerpt":{"rendered":"
usa news: The Fed is poised on Wednesday to raise interest rates for the sixth time this year. The hike will make it more expensive for consumers and businesses to borrow money. The central bank is boosting rates to curb inflation, which hovers near a 40-year high. But the higher rates risk pushing the economy into a recession. The Federal Reserve is poised on Wednesday to raise interest rates for the sixth time this year. That increase will have a direct impact on consumers’ wallets, making it even more expensive<\/p>\n","protected":false},"author":2,"featured_media":29582,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29581"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=29581"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29581\/revisions"}],"predecessor-version":[{"id":29583,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29581\/revisions\/29583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/29582"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=29581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=29581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=29581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}