Federal Reserve trying to curb US inflation of over 8% by hiking rates

The Federal Reserve, central banking system of the United States of America, is hell bent upon hiking rates despite the country's reeling market. It does it only with the intention of curbing the staggering inflation, which is going through the roof at over 8%.

Unsure of when will the inflation be subdued, it will continue to tighten the monetry policy. American businesses, unable to deal with the rising costs, are passing on their burden to cutomers, causing demand to deflate. Growing costs of food, labor, invetory are making things more difficult to manage between what is essential and what is not so.

The American share market is not spared too and stocks are falling continuously for the past three quarters or so. While the Fed is stubborn on hiking rates, other ecomonies are taking a clue from the mounting US dollar price. Their central banks too are following suit in raising rates.

Does it show the growing desperation among top economies in the world? Is it a red flag for the coming storm of world economic meltdown, which could be so sudden that every nation will have to bear the brunt? Will it leave a big scar of financial crisis?

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अल्फाबेट Q3 का राजस्व 6% बढ़ा, Google क्लाउड सबसे अच्छा प्रदर्शन करने वाला, YouTube सबसे खराब

अल्फाबेट ने 69.1 बिलियन अमेरिकी डॉलर के राजस्व के साथ अपनी तीसरी तिमाही के परिणामों की सूचना दी, जो पिछले वर्ष की इसी अवधि की तुलना में 6% अधिक है। हालांकि, शुद्ध आय घटकर 13.91 अरब अमेरिकी डॉलर रह गई, जो पिछले साल 18.93 अरब अमेरिकी डॉलर थी। सभी Google सेवाओं में, YouTube विज्ञापन (-2%) और Google नेटवर्क (-1.6%) नीचे की ओर रुझान वाले सबसे खराब प्रदर्शन करने वाले थे। जबकि Google क्लाउड ने इस तिमाही में 37.64% की वृद्धि के साथ शानदार गति देखी। अल्फाबेट और गूगल के सीईओ सुंदर पिचाई ने कहा: "केवल पिछले महीने में हमने जो उत्पाद घोषणाएं की हैं, उनमें बहुत स्पष्ट रूप से दिखाया गया है, जिसमें एआई द्वारा संचालित सर्च और क्लाउड दोनों में महत्वपूर्ण सुधार और यूट्यूब शॉर्ट्स का मुद्रीकरण करने के नए तरीके शामिल हैं।" प्रति शेयर आय: पिछले वर्ष 1.40 अमेरिकी डॉलर के मुकाबले 1.06 अमेरिकी डॉलर राजस्व: पिछले वर्ष के 65.12 बिलियन अमेरिकी डॉलर के मुकाबले 69.1 बिलियन अमेरिकी डॉलर शुद्ध आय: पिछले साल के 18.94 अरब अमेरिकी डॉलर के मुकाबले 13.91 अरब अमेरिकी डॉलर YouTube विज्ञापन: पिछले वर्ष के 7.2 बिलिय...

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