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Fed raises rates by 75 bps to tame inflation, flags weakening economic data

Fed raises rates by 75 bps to tame inflation, flags weakening economic data

by AIP Online Bureau | Jul 27, 2022 | Eco/Invest/Demography, International News

Jerome Powell,Chairman, US Fed Policy makers, facing the hottest cost pressures in 40 years, lifted the target for the federal funds rate on Wednesday to a range of 2.25% to 2.5%. That takes the cumulative June-July increase to 150 basis points — the steepest...
Fed raises rates by 75 bps to tame inflation, flags weakening economic data

Fed hikes rates half point, biggest rise in 22 yrs to curb US inflation

by AIP Online Bureau | May 4, 2022 | Eco/Invest/Demography, International News

Fed Chair Jerome Powell “The committee is highly attentive to inflation risks,” the Fed said in the statement, adding a reference to Covid-related lockdowns in China that “are likely to exacerbate supply chain disruptions.” That comes on top of Russia’s invasion of...
RBI keeps repo, reverse repo rates unchanged for 11th time in row, cuts GDP growth forecast

RBI keeps repo, reverse repo rates unchanged for 11th time in row, cuts GDP growth forecast

by AIP Online Bureau | Apr 8, 2022 | Eco/Invest/Demography, Indian News, Reinsurance, Risk Management

Shaktikanta Das,Governor,RBI Keeping the approach ” cautious, but proactive”, RBI Governor Shaktikanta Das said that the RBI is emphasizing on three different aspects which will place India in a position that would enable it to deal with the merging crisis...

New California rules aim to lower property insurance rates

by AIP Online Bureau | Feb 26, 2022 | International News, Non-Life, Reinsurance

New rules will require insurance companies to factor property owners’ improvements into the pricing of residential and commercial coverage SACRAMENTO, Calif: California’s insurance commissioner announced new rules on Friday aimed at lowering premiums for people who...

Hawkish central banks say goodbye to easy money as they hike rates

by AIP Online Bureau | Feb 6, 2022 | Eco/Invest/Demography, International News, Policy

What has forced the central-bank rethink is a wave of inflation. It’s driven by a disconnect between surging demand in post-lockdown economies and shortages in the supply of some key commodities, materials and goods — as well as workers The end of easy money is...
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