{"id":49279,"date":"2022-09-21T23:05:44","date_gmt":"2022-09-21T19:05:44","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=49279"},"modified":"2022-09-21T23:05:46","modified_gmt":"2022-09-21T19:05:46","slug":"us-federal-reserve-hikes-interest-rate-by-0-75-percent","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2022\/09\/21\/us-federal-reserve-hikes-interest-rate-by-0-75-percent\/","title":{"rendered":"US Federal Reserve hikes interest rate by 0.75 percent"},"content":{"rendered":"\n<p>The Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday- the biggest increase since 1994.<\/p>\n\n\n\n<p>The rate increase, announced Wednesday at the end of the Fed\u2019s two-day policy meeting, was the fifth of the year and the third consecutive three-quarter point hike. With few signs that its actions are working yet, the Fed has ramped up its moves to cool demand and keep prices from rising.<\/p>\n\n\n\n<p>Officials also significantly cut their outlook for 2022 economic growth, now anticipating just a 1.7% gain in GDP, down from 2.8% from March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday- the biggest increase since 1994. The rate increase, announced Wednesday at the end of the Fed\u2019s two-day policy meeting, was the fifth of the year and the third consecutive three-quarter point hike. With few &hellip;<\/p>\n","protected":false},"author":2,"featured_media":49280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-49279","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economy","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/49279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=49279"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/49279\/revisions"}],"predecessor-version":[{"id":49281,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/49279\/revisions\/49281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/49280"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=49279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=49279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=49279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}