Top Headlines: Fed's 3rd big hike, liquidity slides into deficit, and more

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023. Liquidity in the banking system — as gauged by the Reserve Bank of India’s (RBI’s) daily operations — has slipped into a deficit mode for the first time in over three years. Read more on these in our top headlines.

Fed delivers third-straight big hike, sees more increases ahead

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to