SPECIAL REPORT by financial consultant VED SEEREERAM In the USA, the Federal Reserves (FEDS) with the blessings of the Gov­ernment, has raised the REPO rate from 0.5% to 4.5%, all within a year. The in­tention was to curb in­flation which was over 6% in Feb 2023. By raising the rate, the FEDS was hoping to…