Wednesday, May 3, 2023

Fed raises interest rates 0.25%

The US central bank has raised interest rates by a quarter percentage point - its 10th increase in 14 months.


But it could be its last hike for a while as the Federal Reserve tries to calm fears about the stability of banks and the broader economy.


Kate Fisher reports from Washington


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LINK: 

http://fsnradionews.com/feeds/0503fedres-kf.mp3