Wednesday, May 4, 2022

US markets rally as Fed increases interest rate in bid to slow inflation

(includes Powell clip)


US Stocks jumped sharply on Wednesday after the Federal Reserve raised rates by a widely anticipated half percentage point - and Chairman Jerome Powell ruled out getting even more aggressive in the central bank's inflation-fighting campaign.


US correspondent Kate Fisher reports



IN: On Wall

OUT: SOC

DUR: 1'25"


http://www.fsnradionews.com/feeds/0504markets-kf.mp3