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World Business Report: First broadcast 07/03/2023 22:32 GMT : Federal Reserve may increase interest rates

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Federal Reserve may increase interest rates

First broadcast 07/03/2023 22:32 GMT 

First broadcast 07/03/2023 22:32 GMT : Federal Reserve may increase interest rates

BBC World Service - World Business Report, Federal Reserve may increase interest rates

The chairman of the US central bank has said he could raise interest rates.

Jerome Powell has said interest rates may go up by more than expected.

The head of the US Federal Reserve Jerome Powell says he may have to raise interest rates after  strong economic data. 

There is growing concern in the US that Tik Tok could share users sensitive information with the authorities in Beijing.

Sri Lanka's economic crisis has left millions of people facing shortages of essentials including food and fuel. The government expects an IMF deal in place soon.

(Picture:Federal Reserve Chair Jerome Powell testifies at a hearing on Capitol Hill in Washington.  Source:Reuters)

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First broadcast 07/03/2023 22:32 GMT : Federal Reserve may increase interest rates

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