US Federal Reserve hikes Federal Funds Rate

Source: Dukascopy Bank SA
The United States Federal Reserve Federal Open Market Committee has hiked the US Federal Funds Rate from 4.50% up to 4.75%. The market consensus was that the US Fed would hike the base interest rate by 0.25%.
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Thu, 02 Feb 2023 04:00:06 GMT

Jerome Powell signals more tightening

The Chairman of the US Federal Reserve has revealed in the post-rate-hike press conference that the US Federal Reserve would continue to hike interest rates throughout 2023 and no rate cuts are foreseeable during the year.

Thu, 02 Feb 2023 14:30:05 GMT

Intel reduces salaries and benefits

In the aftermath of abysmal quarterly results, Intel Corporation has announced that it would cut salaries from 5.00% up to 25.00%. In addition, the company is set to reduce its matching of pension fund programs.

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