US Federal Reserve warns conquering inflation will mean more interest rate hikes after announcing third 0.75pc rise in a row - ABC News
Saying there is no "painless way" to lower inflation that has reached a 40-year high, the US Federal Reserve increases rates again.
The Federal Reserve has raised the key US interest rate again, saying more increases are coming as it battles soaring prices.
Key points:
- US inflation has surged to its highest level in 40 … [+3839 chars]
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