The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.

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Fed raises interest rate in third consecutive move

Lorenzo Bagnato

22 September 2022 - 11:37

Fed raises interest rate in third consecutive move

On Wednesday, the US Federal Reserve raised the interest rate for the third consecutive time. While many think it’s the right decision, a recession could probably be looming.