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US Fed raises key interest rate 0.75 point amid red-hot inflation

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The Federal Reserve has raised the key US interest rate again and says more hikes are coming as it battles soaring prices -- an aggressive stance that has raised fears of a recession. It is the third consecutive increase of 0.75 percentage point by the Fed's policy-setting Federal Open Market Committee (FOMC), continuing the forceful action to tamp down inflation that has surged to the highest in 40 years. SOUNDBITE

Added on the 21/09/2022 20:46:17 - Copyright : AFPTV - First images

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