US makes biggest interest rate rise in 22 years
The Federal Reserve is under pressure as the US grapples with its worst inflation in four decades. …
Many economists say the Fed has been slow to respond to the problem, which has been fuelled by a mix of factors, including Covid-related supply shortages, a shock to energy markets from the war in Ukraine, and in the US, massive government spending – including direct cheques to households – to support the economy after the pandemic hit.
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