The United States Federal Reserve makes history by raising interest rates for the fourth consecutive time by 0.75%

The United States Federal Reserve announced on Wednesday an increase of 0.75% in interest rates for the fourth consecutive time, as part of its aggressive strategy to reduce the uncontrolled inflation that affects the country's economy. The sharp increase leaves the Federal Reserve's benchmark interest rate with a new target...

European Central Bank faces pressure from record inflation

The head of the European Central Bank could drop more hints Thursday about when the bank will start raising interest rates, with pressure increasing to follow the United States, United Kingdom and other countries in taking a harder line to combat soaring consumer prices. People in the 19 countries that...