The Federal Reserve on Wednesday announced its widely anticipated decision to raise interest rates by another quarter point.After a two-day meeting, the Fed said it has decided to raise the target range for the federal funds rate by 25 basis points to 4.50 to 4.75 percent.The latest interest rate hike comes after the central bank raised rates by 75 basis points in November and by 50 basis points i...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.