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Business
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Economy
8/17/2022 10:23:45 PM
US central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the hikes "at some point," the Federal Reserve said Wednesday.
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Al-Ahram Weekly
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Egypt
8/3/2022 12:10:00 PM
Recent rises in US interest rates are driving the dollar higher against other world currencies, including the Egyptian pound.
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Business
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Economy
7/27/2022 8:43:00 PM
The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
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Business
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Markets & Companies
7/27/2022 2:04:44 PM
Stock markets traded mixed and the dollar retreated Wednesday as attention switched to the Federal Reserve and the size of its upcoming interest rate hike.
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Business
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Economy
7/26/2022 6:25:47 PM
The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF said Tuesday.
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World
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International
7/21/2022 3:12:47 PM
The European Central Bank raised interest rates Thursday for the first time in 11 years, joining steps already taken by the U.S. Federal Reserve and other major central banks but raising new questions about whether the rush to make credit more expensive will plunge major economies into recession at the price of fighting inflation.
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World
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International
7/13/2022 4:59:07 PM
Wall Street stocks opened sharply lower Wednesday after fresh consumer price data exacerbated recession fears, as the Federal Reserve aggressively hikes interest rates.
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Business
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Markets & Companies
6/23/2022 11:48:40 AM
Asian markets mostly rose Thursday on bargain buying after the previous day's battering, though oil extended losses after US Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation.
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Business
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Markets & Companies
6/20/2022 11:46:48 AM
Markets were mixed Monday having pared earlier losses but sentiment continues to be clouded by fears that central bank moves to rein in soaring inflation will induce a recession.
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Business
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Economy
6/15/2022 8:26:48 PM
The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.
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Business
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Economy
6/13/2022 1:33:42 PM
The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world's largest economy.
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War in Ukraine
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Economy
6/9/2022 1:27:17 PM
The European Central Bank is expected Thursday to end a key economic stimulus program and map out its plan to raise interest rates for the first time in more than a decade as it seeks to join the U.S. Federal Reserve and other central banks in tackling high inflation. But it's a delicate balance to not further slow economic growth.
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Al-Ahram Weekly
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Economy
5/13/2022 5:44:00 PM
With the US Federal Reserve raising interest rates again last week, what will a stronger dollar mean for the pound.
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Al-Ahram Weekly
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Egypt
5/13/2022 5:40:00 PM
Caught between the impact of the seemingly endless war in Ukraine and the US Federal Reserve’s tightening of monetary policy, the Egyptian economy is in desperate need of lifelines.
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Business
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Economy
5/8/2022 10:08:44 PM
After a nine-day holiday due to Eid El-Fitr and Labour Day celebrations, Egypt’s banking sector resumed work on Sunday amid calm as the Egyptian pound remained stable despite the US Federal Reserves' recent decision to raise interest rates.
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Business
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Economy
5/6/2022 9:43:42 PM
With the US Federal Reserve (Fed) deciding to increase its interest rate by a rare half-percentage-point — the largest increase in two decades — in an effort to reduce burgeoning inflation that is running at a four-decade high, major economic impacts are looming for countries worldwide, especially emerging markets like Egypt.
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Business
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Economy
5/5/2022 10:33:13 AM
Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.
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Business
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Economy
5/4/2022 8:19:49 PM
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday - its most aggressive move since 2000 - and signaling further large rate hikes to come.
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Business
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Economy
3/21/2022 8:45:12 PM
The US central bank is prepared to raise interest rates by bigger steps than the quarter-point hike announced last week if that is what's needed to contain "much too high" inflation, Federal Reserve Chair Jerome Powell said Monday.
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Business
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Economy
3/16/2022 8:58:23 PM
The Federal Reserve escalated its battle against the wave of prices increases battering the US economy on Wednesday by raising the benchmark interest even as it acknowledged the risk posed by the war in Ukraine.
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