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France 24

Business

Kate MOODY

US Federal Reserve hikes interest rate to highest level since 2007

US Federal Reserve United States Jerome Powell America Inflation Monetary Policy Nigeria United Kingdom

BUSINESS DAILY © FRANCE 24

The US Federal Reserve has hiked its key interest rate by 0.25 percent to the highest level since 2007. America's central bank has slowed the pace of rate rises as inflation cools. But Fed Chair Jerome Powell said changes to monetary policy would be "ongoing" as "appropriate". Also in the show: as the UK faces sweeping strikes, how is wage growth keeping up with consumer prices? And with less than a month until it holds elections, Nigeria faces a cash crunch.

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