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World Business Report: First broadcast 01/11/2023 22:32 GMT : US Fed hits pause on interest rate hike

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First broadcast 01/11/2023 22:32 GMT 

First broadcast 01/11/2023 22:32 GMT : US Fed hits pause on interest rate hike

US Fed hits pause on interest rate hike

BBC World Service - World Business Report, US Fed hits pause on interest rate hike

The US Federal Reserve has left interest rates unchanged at a 22-year high

The US central bank has held its key interest rate at its current 22-year high as it seeks to stabilise price rises, which had recently reached near-record levels.

The US Federal Reserve has left interest rates unchanged at a 22 year high in a bid to stabilise price rises which has reached record levels. We'll be getting the latest reaction from businesses in the US.

Shares in the world's biggest offshore wind developer Orsted has fallen all because they abandoned a project to build two huge wind farms off the east coast of the United States. We hear why it seems so hard to get these developments of the ground.

And would you fancy a 70-hour working week? Well one man in India has sparked a debate in the country with this call saying young Indian professionals need to work harder and longer.

(Picture: US Federal Reserve Board Chairman Jerome Powell delivers remarks after the Fed refrained from raising interest rates. Picture credit: EPA-EFE/REX/Shutterstock)

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First broadcast 01/11/2023 22:32 GMT : US Fed hits pause on interest rate hike

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