Tag: rates
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Federal Reserve raises rates by 0.25%
The US Federal Reserve has raised interest rates by 0.25 percentage points, bringing its benchmark federal funds rate to a target range of 3.75% to 4.00% as the central bank moves to contain renewed inflationary pressures in the US economy. The decision, taken unanimously by the Federal Open Market Committee, marks the first US interest-rate…
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Opposition Leader Alex Borg proposes a reduced VAT rate for catering establishments
Speaking yesterday in Isla (Senglea), Opposition Leader Alex Borg has pledged to reduced VAT for catering establishments from 15% to 7%. Restaurant owners in Malta have been requesting VAT tax relief due to inflationary and price pressures. The Minister for Finances Clyde Caruana is against the VAT exemption and said that lowering the rate to…
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Federal Reserve renews its warning on inflationary risks if more tariffs are effected
The US Federal Reserve has once again warned that inflation may make a strong comeback if the US President goes ahead and slaps another round of tariffs on US imports. Last month, the US Federal Reserve lowered economic growth forecasts due to newly imposed US tariffs. The latest report by the US Federal Reserve shows…