Case for raising rates in Dec 'coming together'
President Donald Trump
Washington - Muslimchronicle
President Donald Trump's pick to lead the US Federal Reserve said Tuesday there is a strong case for raising the benchmark interest rate at the central bank's December policy meeting.
Fed governor Jerome Powell, in testimony to the Senate Banking Committee, said "the case for raising interest rates at the next meeting is coming together."
While he stressed that the final decision on the key lending rate will be made at the December 12-13 monetary policy meeting, "conditions are supportive of doing that."
source: AFP
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Davos - Muslimchronicle
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Sanaa - Muslimchronicle
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Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
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All rights reserved to Arab Today Media Group 2023 ©
