US: Fed approves 0.25% rate increase, Powell suggests 'couple' more hikes coming
Edited By WION Video Desk
Published: Feb 01, 2023, 20:04 IST | Updated: Feb 01, 2023, 20:04 IST
The Federal Reserve is taking its foot off the brake a little bit more. However, it seems ill-prepared to press the economy's gas pedal. As anticipated, the Fed increased its benchmark short-term interest rate by a quarter of a percentage point on Wednesday, reversing a half-point increase in December and recognising a historic inflation spike is fading.
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