Explained: Fed Reserve rate hike, US recession and impact on India
In its ongoing effort to cool inflation in the United States-on 9.1% in June, the inflation rate is at the highest of four decades of federal reserve or FED (US Central Bank) decided to increase the target level of federal funds federal funds Federal funds by 75 other base points on Wednesday. Since March, the Fed has continued to encourage the targeted FFR from zero to nearly 2.5% now.
