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The Fed raises rates by half a point and is ready for more hikes – Economy

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The Fed raises rates by half a point and is ready for more hikes – Economy

The Fed raises rates by half a percentage pointclosing 2023 with the first hit of the brakes on a maxi-squeeze that saw four consecutive increases by 75 basis points. A move that acknowledges the slowdown in inflation (7.1% in November) and the slowdown of the economy, but is not a prelude to a stop: the … Read more

This ship carrying 9 million gold sank in 1875, its shipwreck was finally

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This ship carrying 9 million gold sank in 1875, its shipwreck was finally

Tuesday 13 December 2022 7.30pm … 1 The steamer SS Pacific collided with the Orpheus and sank near Cape Flattery, USA in 1975. © Photo: Wikimedia Commons The Pacific is a steamer that sank in the Pacific Ocean in 1875, on the current western border between Canada and the United States. There were more than … Read more