The Federal Reserve announced its highly anticipated monetary policy decision on Wednesday, raising interest rates by another three-quarters of a percentage point. Citing its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run, the Fed decided to raise its target range for the federal funds rate by 75 basis points to 3 to 3.25 percent. more...
Switzerland's economy is expected to grow less than previously estimated this year and next, as the economic prospects are hampered by a tense energy situation and sharp price increases, especially in Europe. more...
Overall consumer prices in Japan were up 3.0 percent on year in August, the Ministry of Internal Affairs and Communications said on Tuesday. more...
Fed Chair Powell may need to deploy an aggressive tone this week to help the US Dollar. more...
Homebuilder confidence in the U.S. declined for the ninth consecutive month in September, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing Market Index slid to 46 in September from 49 in August. Economists had expected the index to edge down to 48. more...
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