Why the Federal Reserve is making everything more expensive in order to make things less expensive
It seems like a contradiction: How would increasing the cost of monthly credit payments actually help bring down the price of goods and services in the economy? But that is the logic Federal Reserve officials are taking as they raise interest rates to 5.5%, their highest point in more than المزيد
Saudi natural reserve receives IUCN administrative classification accreditation
RIYADH: Saudi Arabia’s strong tradition of poetry has laid the foundations for the Kingdom’s aspiring hip-hop talent to thrive in the music industry, pioneering artist Qusai Kheder has told Arab News. The veteran artist, who kicked off the fourth season of “The Mayman Show” by Arab News in a rare المزيد
How high will the Federal Reserve go?
U.S. inflation has now declined for 12-straight months. But in June, consumer prices increased 3% year-on-year. While that’s the lowest the annual inflation rate has been in more than two years, it’s still too high for the Federal Reserve, which is looking to wrestle increases down to about 2%. To المزيد