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US interest rates hit 22-year high
The rise of 0.25% by the US Federal Reserve raised rates to 5.25%-5.5%, marking the eleventh increase since early 2022.
The rise of 0.25% by the US Federal Reserve raised rates to 5.25%-5.5%, marking the eleventh increase since early 2022.
This is despite inflation in the country being 3% last month, with the Fed non-committal over future hikes.
Ed Butler finds out how this is affecting businesses in the country, and what they want to see happen next.
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