Global Markets Rebound as US Inflation Reading Meets Expectations
World markets steadied after US consumer prices rose 3.4 percent in August, in line with forecasts, lifting equities and easing pressure on emerging-market assets.
US Federal Reserve Raises Interest Rates for First Time Since 2023
The Federal Reserve lifted its benchmark rate by a quarter point to a range of 3.75 to 4 percent, its first increase since 2023, citing inflation that has been slow to fall.
