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The Fed raises rates again

US Federal Reserve chairman Jerome Powell announced the 0.25% rate increase saying the Fed is focused on tackling inflation.

For the ninth time in a row, the US Federal Reserve has increased interest rates, up by 0.25%. Announcing the rise Federal Reserve chairman Jerome Powell said the Fed is focused on tackling inflation. Roger Hearing gets reaction from both Wall Street and Main Street to the news.

Argentina's economy expanded in the fourth-quarter of 2022, despite inflation of 102% in the country. We hear what's behind the economic growth in the face of huge pressures.

And we get the latest from Florida, where the world's first launch of a 3D printed rocket is due to take place.

(Picture: A trader reacts as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 22, 2023. Cedit: REUTERS/Brendan McDermid)

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27 minutes

Last on

Wed 22 Mar 2023 22:32GMT

Broadcast

  • Wed 22 Mar 2023 22:32GMT