Topic
Monetary Policy
Federal Reserve raises interest rates and signals further hikes this year
The Federal Reserve approved a quarter-point interest rate increase to a range of 3.75% to 4.00%, marking the central bank's first rate hike in nearly three years.
US dollar on track for biggest monthly gain in nearly a year
The US dollar is on track for a 2.5% gain for June as investors react to rising inflationary pressures and expected interest rate hikes.