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World Business Report: First broadcast 01/02/2023 22:32 GMT : US Federal Reserve hikes interest rates at a slow pace

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First broadcast 01/02/2023 22:32 GMT 

First broadcast 01/02/2023 22:32 GMT : US Federal Reserve hikes interest rates at a slow pace

US Federal Reserve hikes interest rates at a slow pace

BBC World Service - World Business Report, US Federal Reserve hikes interest rates at a slow pace

The Federal Reserve raised interest rates by a quarter-point in a bid to tackle inflation

The Federal Reserve said it was raising its key interest rate by 0.25 percentage points as inflation cools. This marks the smallest increase since March last year.

The US central bank has raised interest rates again as it continues to try to curb inflation in the world's largest economy. The Federal Reserve said it was raising its key interest rate by 0.25 percentage points. This marks the smallest increase since last March, after a series of aggressive rate hikes last year.

The interest rate hike will also affect Latin America which has historically been tied especially closely to movements in the US economy. We hear what the head of Latin America Economic Research at Goldman Sachs thinks.

And we hear how Gautam Adani's Adani Enterprises has been forced to pull its $2.5billion share sale after a rout in the wider Adani Group's stocks.

(Picture: One hundred dollar bill with an American flag. Picture Credit: Getty Images)

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First broadcast 01/02/2023 22:32 GMT : US Federal Reserve hikes interest rates at a slow pace

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