A UN agency wants the Fed to slow its interest rate hikes | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

The Fed's tightening policy has led the dollar to appreciate to multi-decade highs. Now, a UN agency is warning that its actions, along with those of other central banks, risk pushing the global economy into recession.

The Federal Reserve’s aggressive tightening policy has led the US dollar to appreciate to multi-decade highs, squashing currencies around the world. Now, a United Nations agency is warning that its actions, along with those of other central banks, risk pushing the global economy into recession.

+ meets to discuss energy markets and could agree to cut production because of the recent fall in oil prices. is responsible for nearly 40% of the world’s oil supply.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thank a democrat

Thanks JOE

The dollar is not strong, we are still experiencing decades high inflation The dollar is strong against foriegn currencies, because their inflation is worse than ours But if the dems didn't pass spending bill after spending bill, America would have been richer than ever

This is why your ratings are so bad. Be neutral

EconomicTimes ptrmadurai nsitharaman reason for Indian rupees getting weaker. Why oh some don’t understand this in India?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto in Green as Foreign Pressure on Fed to Stop Rate Hikes Mounts (Market Watch)The crypto markets seem to be agreeing with the UN's recommendation to the US Fed.
Source: Crypto_Potato - 🏆 568. / 51 Read more »