Main content
US interest rates hit 22-year high
The rise of 0.25% by the US Federal Reserve raised rates to 5.25%-5.5%, marking the eleventh increase since early 2022.
The rise of 0.25% by the US Federal Reserve raised rates to 5.25%-5.5%, marking the eleventh increase since early 2022.
This is despite inflation in the country being 3% last month, with the Fed non-committal over future hikes.
Ed Butler finds out how this is affecting businesses in the country, and what they want to see happen next.
(Picture: U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference after the release of the Fed policy decision to keep interest rates unchanged, at the Federal Reserve in Washington, U.S, June 14, 2023. Credit: REUTERS/Kevin Lamarque/File Photo)
Last on
Wed 26 Jul 2023
22:32GMT
大象传媒 World Service except Europe and the Middle East
Broadcasts
- Wed 26 Jul 2023 21:32GMT大象传媒 World Service Europe and the Middle East & 大象传媒 Afghan Radio
- Wed 26 Jul 2023 22:32GMT大象传媒 World Service except Europe and the Middle East