US Federal Reserve

US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
Business

US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
Egypt expected to raise interest rates as well soon: expert
Business

Egypt expected to raise interest rates as well soon: expert

The US Federal Reserve’s decision to raise interest rates was expected, Mohamed Kamal, an expert in the financial sector, said,…
Sudden fall of gold prices in Egypt and globally in the middle of Tuesday’s trading
Egypt

Sudden fall of gold prices in Egypt and globally in the middle of Tuesday’s trading

  Gold prices fell on Tuesday, in the middle of trading, with great values, following the issuance of Ukrainian statements…
A look at Monday’s US dollar exchange rate against the Egyptian pound
Business

A look at Monday’s US dollar exchange rate against the Egyptian pound

Al-Masry Al-Youm has observed the exchange rate of the US dollar against the Egyptian pound across several major Egyptian banks…
Iraq warns of ‘collapse’ if Trump blocks oil cash
Middle East

Iraq warns of ‘collapse’ if Trump blocks oil cash

Iraqi officials fear economic “collapse” if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps…
US economists expect recession in 2020 or 2021: survey
World

US economists expect recession in 2020 or 2021: survey

A majority of economists expect a US recession in the next two years, but have pushed back the onset amid…
Trump: US Fed doesn’t know ‘what they’re doing’
World

Trump: US Fed doesn’t know ‘what they’re doing’

US President Donald Trump on Friday lobbed another attack on the Federal Reserve, accusing it of incompetence for failing to…
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