The Fed raises interest rates for the third time

Available for over a year

The Federal Reserve increases interest rates by 0.75 percentage points to fight inflation. The new target range is now 3% to 3.25%, the highest level in almost 15 years. We talk to Tom Sullivan, the U.S. Chamber of Commerce’s Vice President of Small Business policy. The Central Bank of Brazil is expected to keep its interest rate at 13.75%, which would mark the first slowdown in policy tightening by the bank since early 2021. BBC Brazil's Thais Carrança tells us more from São Paulo. Margarathe Vestager, one of the European Commission's executive vice presidents and its competition commissioner, tells the BBC's Victoria Craig that funding alternative technologies will be a crucial element of the transition to greener sources of energy. And we take a look at the latest from the markets with Susan Schmidt, head of US Equity at Exchange Capital Resources in Chicago. (Picture: Jerome Powell in a press conference. Picture credit: EPA.)