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Episode details

World Service,22 Mar 2023,26 mins

All eyes on the US Federal Reserve

World Business Report

Available for over a year

The US Federal Reserve will decided on whether to raise interest rate as they struggle to stabilise prices due to the rising cost of living. The collapse of two regional banks this months has highlighted their risks. Ukraine has reached an agreement with the International Monetary Fund to secure more than 15 billion dollars worth of loans to help support the country's economy. In Somalia as Ramadan begins, Muslims who usually break a dawn-to-dusk fast with lavish family meals, are now stressed to secure even the most basic diets due to rising food costs. (Picture: Federal Reserve Board Chairman Jerome Powell holds a news conference. Credit: Reuters.)

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