The Federal Reserve's consistent increase in its benchmark rate has led to a significant decrease in inflation and maintained a steady unemployment rate, contrary to economists' previous predictions of economic contraction and job cuts. The current trends suggest that the central bank might be on track to achieve a challenging feat known as a "soft landing," which involves controlling inflation without instigating a severe recession.The Canadian dollar rose against its U.S.
STORY: Ghana's central bank held its main interest rate at 30% on Monday - following several days of anti-government protests driven by anger over economic hardship.The West African cocoa, gold and oil producer has been grappling with its worst economic crisis in a generation.That's been characterized by double-digit inflation and ballooning public debt.
Source: Loan Digest (loandigest.net)
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