Watch: How will higher interest rates impact US consumers?
The Federal Reserve has raised US interest rates to 3.75%-4% from 3.5%-3.75%, in a bid to curb inflation. This is the first such increase in three years.
Why has the increase taken place and what does it mean? The BBC’s Samira Hussain explains.
Source: BBC News. Summary reproduced for informational purposes.
Related
EconomyUK minister warns of impact of Trump’s Iran war on next month’s budget
Bridget Phillipson says Burnham’s past criticisms of US president not an issue as PM prepares to meet Trump at UN Next month’s budget will be made more difficult by Donald Trump’s war with Iran, one of Andy Burnham’s cabinet ministers has said, while adding sh
EconomyRetail sales bounce back in Great Britain amid brighter signs for economy
Latest data to defy economic gloom shows 0.5% rise boosted by purchases of sports items, aircon units and fans during heatwaves Business live – latest updates Retail sales across Great Britain unexpectedly rose last month, the latest economic indicator to defy
EconomyUS wheat farmers navigate uncertainty amid drought and geopolitical chaos
Some experts worry factors affecting wheat exports could push global food prices even higher than they are now Wheat prices are at their highest level in three years, which means farmer Merrill Nielsen should be getting more for his crops out of his 2,500-acre
EconomyTracking lost bank accounts
Iona Bain explains how you can track down lost bank accounts
Never miss a headline
The biggest stories in business and finance, delivered to your inbox. Join thousands of readers — unsubscribe any time.