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World Business Report: First broadcast 22/03/2023 15:32 GMT : All eyes on the US Federal Reserve

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All eyes on the US Federal Reserve

First broadcast 22/03/2023 15:32 GMT 

First broadcast 22/03/2023 15:32 GMT : All eyes on the US Federal Reserve

BBC World Service - World Business Report, All eyes on the US Federal Reserve

US Central Bank is to decide if they will raise interest rates after financial turmoil

All eyes are on the US Federal Reserve as they make an important decision on whether to increase or pause interest rate after two regional banks collapsed this month.

The US Federal Reserve will decided on whether to raise interest rate as they struggle to stabilise prices due to the rising cost of living. The collapse of two regional banks this months has highlighted their risks.

Ukraine has reached an agreement with the International Monetary Fund to secure more than 15 billion dollars worth of loans to help support the country's economy.

In Somalia as Ramadan begins, Muslims who usually break a dawn-to-dusk fast with lavish family meals, are now stressed to secure even the most basic diets due to rising food costs.

(Picture: Federal Reserve Board Chairman Jerome Powell holds a news conference. Credit: Reuters.)

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First broadcast 22/03/2023 15:32 GMT : All eyes on the US Federal Reserve

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BBC World Service West and Central Africa

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