US Fed's interest rate hike continues in fight against inflation, raises by 25 bps
Washington [US], May 4 (ANI): The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent in the long run, hiked key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.
The Committee of the Federal Reserve, US' central bank on Wednesday went for another rate hike.
The Committee said it remains "highly attentive" to inflation risk