October 2, 2022

ACN Center

Area Control Network

US Federal Reserve hikes interest rates 0.75% to curb inflation • FRANCE 24 English

1 min read

The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America’s central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian Lawrence, Senior Markets Strategist at Rabobank New York, says the Fed is ‘in a bad situation,’ because it cannot control the primary drivers of inflation – food and energy costs. 


🔔 Subscribe to France 24 now: https://f24.my/YTen
🔴 LIVE – Watch FRANCE 24 English 24/7 here: https://f24.my/YTliveEN

🌍 Read the latest International News and Top Stories: https://www.france24.com/en/

Like us on Facebook: https://f24.my/FBen
Follow us on Twitter: https://f24.my/TWen
Discover the news in pictures on Instagram: https://f24.my/IGen

News Source: FRANCE 24 English

Hits: 0

Source: Network News
Area Control Network

Copyright © 2022 ACN
All Rights Reserved © ACN 2020

ACN Privacy Policies
Area Control Network (ACN)
Area Control Network
Area Control Network Center