Fed doubles down on interest rate hikes

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For the second month running, the US Federal Reserve has upped its interest rate. America's central bank has increased the cost of borrowing by 0.75% - the latest in a series of aggressive policy decisions against rising prices. Business owners across the country, from hospitality to farming, tell us how it will affect them. Elsewhere, Instagram has drawn criticism after bosses said it would move away from photos in favour of video content. Should they #MakeInstagramInstagramAgain? (Picture: Fed chairman Jerome Powell announces the rates hike in Washington, DC. Credit: Drew Angerer, Getty Images).