Tag: US economy
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IMF predicts modest 3.5% growth for Pakistan amid global economic uncertainty
The International Monetary Fund (IMF) has forecasted a 3.5 per cent growth rate for Pakistan’s economy in the fiscal year 2024-25 (FY25), slightly below the government’s target of 3.6 per cent.
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US Federal Reserve holds interest rates steady for sixth consecutive meeting
The US Federal Reserve has once again left interest rates unchanged, maintaining its current rate at 5.25 per cent to 5.5 per cent.
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US sees strongest job growth in eight months, raising rate hike possibility
In September, the United States experienced a significant increase in employment, marking the most substantial growth in eight months. This surge in hiring was widespread, indicating a persistent strength in the labour market. This development potentially provides the Federal Reserve with the rationale to consider raising interest rates once again, although it’s worth noting that…