US Fed set for further steep rate hike as recession fears loom
Al Mayadeen English
3 min readThe US Federal Reserve looks almost sure to make a 4th straight 75-basis point interest rate increase in the coming month as inflation still soars.
Federal Reserve Chair Jerome Powell speaks during a news conference following a Fed policy meeting in Washington, DC, on July 2 (Getty Images)
Breaking News
Most Read
21:24
Sheikh Qassem: Reconstruction is not a favor from anyone, and we will not accept blackmail under this pretext.
23:35
Yemen's Health Ministry: Initial toll of US aggression on the Farwah neighborhood and market in Shaoub District, Sanaa stands at three martyrs and 12 injured
22:12
Al Mayadeen's correspondent: Three US airstrikes targeted the Juba District in the southern part of Marib Governorate, northeastern Yemen
21:01
Palestinian Health Ministry: Youth Suleiman Manasrah martyred by Israeli gunfire near Jenin in the northern West Bank
21:50
Al Mayadeen's correspondent: US warplanes carry out a series of airstrikes on Kamaran Island in Yemen’s western Hodeidah Governorate
19:39
Hamas: We mourn prisoner Nasser Radaydeh, who was martyred in Ofer Prison after his health deteriorated as a result of torture and medical neglect
10:32
Minister of Strategic Affairs Ron Dermer and the head of Mossad secretly traveled to Paris to meet with US envoy Steve Witkoff: Walla
01:13
Al Mayadeen correspondent in occupied Palestine: Israeli artillery shelling targets eastern Gaza City.
12:54
Al Mayadeen's correspondent in South Lebanon: One martyred in an Israeli airstrike that targeted a motorcycle on the outskirts of the town of Aitaroun
20:52
Hezbollah Secretary-General Sheikh Naim Qassem: The resistance is a reaction to the occupation, especially in the event that the Lebanese state is unable to protect the land and its citizens on its own.
05:02
Yemeni Saba News Agency: US aircraft launched two raids on the Takhiya area in the Majz district of Saada governorate.
10:15
Ali Shamkhani, Advisor to Iran's Leader: Negotiators headed to Rome with complete authority to arrive at comprehensive agreement.