economic policy

Fed again advances interest rate hike by three-quarters of a straight point | CNN Business

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a third consecutive hike of 75 basis points in a strong move to tackle the severe inflation plaguing the US economy. The massive rally, which could not be understood by markets just months ago, is taking the central bank’s benchmark lending …

Fed again advances interest rate hike by three-quarters of a straight point | CNN Business Read More »

Germany nationalizes the largest importer of natural gas | CNN Business

Berlin / London CNN Business – Germany is nationalizing Uniper, the largest importer of natural gas, as part of an 8 billion euro ($7.9 billion) plan to prevent energy shortages this winter. Europe has been affected by the high prices of natural gas and electricity as a result of the Russian invasion of Ukraine and …

Germany nationalizes the largest importer of natural gas | CNN Business Read More »