Washington, D.C. – The U.S. Federal Reserve on Wednesday, July 26, 2023, announced it was raising its benchmark interest rate by another 25 basis points, bringing the target range for the federal funds rate to 5.25% to 5.50%. This marks the highest level for the key lending rate since 2001 and signals the central bank’s…
Federal Reserve Convenes Emergency Briefing Amid Rising Inflation Pressures In an unscheduled and highly anticipated move, the U.S. Federal Reserve convened a press conference on Tuesday, April 29, 2025, underscoring growing concerns within the central bank regarding recent economic data. The briefing, led by Federal Reserve Chair Jerome Powell, addressed an unexpected and notable acceleration…
G7 Finance Chiefs Grapple with Global Economic Headwinds in Tokyo Summit Tokyo, Japan – Against a backdrop of complex global economic dynamics, finance ministers and central bank governors from the Group of Seven (G7) leading industrialized nations gathered in Tokyo on April 20, 2025, for pivotal discussions aimed at coordinating strategies on key financial and…
