The Federal Reserve approved the largest interest rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades as it races to slow the economy and combat inflation that is running at a 40-year high.
Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%.
Stocks soared and U.S. government bonds rallied after the Fed’s announcement.
Gearing up for increased business relations with China and other Chinese speaking region, it’s never too early to start learning!
Founded in Hong Kong, Mandarin Connection has become one of the designated corporate language training provider for well-known international companies and organizations since 1995. Led by trainers from Beijing Foreign Language University.
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