The U.S. Federal Reserve on Wednesday decided to raise interest rates by 25 basis points (0.25%) to climb U.S. interest rates to a range of 5.25%, the highest U.S. interest level since 2006.
U.S. Federal Reserve Chairman Jerome Powell said inflation was still far from the U.S. target of 2 percent.
He reaffirmed the commitment of the United States to restore inflation levels to a level of 2 percent, explaining that economic decisions will be made based on America’s future data.
Indonesia's government is taking decisive steps to address both economic and industrial challenges as it prepares for the fiscal year 2025. Trade Minister Zulkifli Hasan announced a comprehensive...
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The Philippines' inflation rate paused its four-month upward trend in June, reinforcing expectations that the central bank might ease its monetary policy as early as August. According to...
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Singapore is taking decisive steps to enhance its ability to combat money laundering. The Ministry of Home Affairs has introduced the Anti-Money Laundering and Other Matters Bill to...
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South Korea's consumer inflation slowed more than anticipated in June, reaching an 11-month low as supply-side pressures diminished. The consumer price index (CPI) increased by 2.4% year-on-year, down...
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Pakistan’s Finance Minister Muhammad Aurangzeb expressed strong confidence on Sunday that the country will secure a new funding program from the International Monetary Fund (IMF). This optimism follows...
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