US makes biggest interest rate rise in almost 30 years
The US central bank raises rates by 0.75 percentage points as it scrambles to contain soaring prices. …
In the US, financial markets have slipped, with the S&P 500, which tracks hundreds of America’s biggest companies, losing a fifth of its value since the start of the year, as multinationals warn that inflation and the rise in the dollar is hurting their profits.
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