Tag: China.steel
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US: Fed interest rate hike could lift commodity prices – Mysteel
The US Federal Reserve announced on Wednesday that it is raising benchmark interest rates by three-quarters of a percentage point, the largest increase since November 1994, bringing the interest rate to a range of 1.5%-1.75%. The Fed’s sharp interest rate hike is seen as a strong countermeasure to soaring rates of inflation in the United…