Chapter
Increase in key interest rate as inflation surges in US
25:38 - 27:44 (02:06)
The Federal Reserve has raised its key interest rate by 0.25% to combat inflation, with six more increases predicted for the year. Jay Powell, the chairman of the Fed, believes that the US economy is strong enough to tolerate higher interest rates without falling into another recession.
Clips
Russian attacks in Ukraine caused the death of dozens of civilians, including a group of people waiting in line for bread in Chernihiv, and survivors of the attack on a theater in Mariupol were unclear.
25:38 - 27:44 (02:06)
Ukraine
Summary
Russian attacks in Ukraine caused the death of dozens of civilians, including a group of people waiting in line for bread in Chernihiv, and survivors of the attack on a theater in Mariupol were unclear. The Federal Reserve raised its key interest rate by a quarter of a percentage point in an attempt to lower inflation by increasing the cost of borrowing money.