US Fed moderates interest hike rate
02 Feb 2023
The US Fed Reserve has raised the interest rate by 25 percentage points, from 4.5 per cent to 4.75 per cent, which is modest in comparison to the series of rate hikes in 2022. Fed Reserve chairman Jeremy Powell said that the interest rate hike would continue but in small doses until the inflation rate returns to the mandated 2 per cent.