US interest rates hit 16 year high
The Fed is pushing the target range for its benchmark rate to 5.25%, to curb inflation
The US Central Bank has raised its interest rates to its highest level in 16 years The moves are aimed at stabilising inflation and have pushed the target range for its benchmark rate to 5.25%. Federal Reserve chair Jerome Powell said the US was "getting close or maybe even there" to pausing its rate-hike campaign but was prepared to do more if warranted. But there has been criticism from some economists with one describing the rise as βthrowing the US labour market under a busβ.
We also report on an Israeli food-tech company that has announced it has managed to produce the world's first ever ready-to-cook fish fillet using 3-d printing technology.
And β just how does the French Finance Minister find the time to write erotic literature with the country facing a great deal of economic upheaval?
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