In the backdrop of an over four-decade high inflation, the US Federal Open Market Committee has raised its key policy interest rate by 75 basis points to 2.25-2.50 per cent, anticipating that the increase in the interest rates will be "appropriate". Hiking interest rates typically cool demand in the economy, thereby putting a brake on the inflation rate. The US Federal Reserve in its June meeting too raised the interest rate by 75 basis points, which was the steepest hike since 1994.
The bitterly divided Senate voted 51-49 to end the debate on nomination of Kavanaugh, 53, who has been nominated by Trump on the nine-member bench of the Supreme Court.
The Australian ball-tampering scandal continues to ripple far beyond cricket circles, with captain Steve Smith portrayed as arch-villain in the sorry saga.
'The greatest threat faced by India does not come from Pakistan, it comes from terrorism... It is easier to secure the borders of the US; it is not so easy to make India's borders secure,' Pulizer Prize-winning journalist Mark Mazzetti tells Rediff.com's Sanchari Bhattacharya.
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