Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC

Business Standard brings you the top headlines at this hour

The Federal Reserve’s policy-making Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. Meanwhile, after Reserve Bank of India raised repo rate, interest rates on deposits are expected to move upwards. Scroll down below to read the top stories from Wednesday

Fed hikes rates half point, will shrink assets to curb US inflation

The Federal Reserve raised interest rates by the steepest increment since 2000 and decided to start shrinking its massive balance sheet, deploying the most aggressive tightening of monetary policy in decades to control soaring inflation.

The U.S. central