In March 2022, the Federal Reserve responded to sharply rising inflation with an aggressive rate hiking campaign, the ...

The Federal Reserve rate then was 1.2% ... after seeking reduction of oil prices set by a group of nations known as OPEC, which includes Saudi Arabia. The United States doesn't belong to OPEC.

The Organisation of the Petroleum Exporting Countries, (OPEC) has reaffirmed its commitment to unlocking Africa’s full oil ...

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept ...