US Fed: economy still growing at 'solid pace' despite hurricanes
President Donald Trump
Washington - Muslimchronicle
The Federal Reserve kept its key policy interest rate unchanged Wednesday, and downplayed the hurricane impact on the US economy, saying it was growing at a "solid pace."
Overshadowed by President Donald Trump's looming announcement of his pick to lead the central bank starting next year, the Fed stuck to the expected course, holding the benchmark lending rate at 1.0 to 1.25 percent.
The statement gave few signals on what the Fed will do in December, when it is widely expected to raise rates one last time to head off inflation it sees rising only in the medium term.
source: AFP
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Davos - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
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To 'eternal style' of late Alaia
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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