Federal Reserve may increase interest rates

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The head of the US Federal Reserve Jerome Powell says he may have to raise interest rates after strong economic data. There is growing concern in the US that Tik Tok could share users sensitive information with the authorities in Beijing. Sri Lanka's economic crisis has left millions of people facing shortages of essentials including food and fuel. The government expects an IMF deal in place soon. (Picture:Federal Reserve Chair Jerome Powell testifies at a hearing on Capitol Hill in Washington. Source:Reuters)