Fed raises interest rates by 50-bps, markets welcome interest rate

Updated: May 05, 2022, 03:46 PM(IST) WION Video Team

US Federal reserve has hiked interest rates by 50 basis points, in a bid to reign in the raging inflation in the country, the hike is the biggest rate hike since 2000 and the Fed chair has promised to use all available tools to check the four decade high inflation rate.

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