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BBCNEWS The Context with Christian Fraser June 4, 2024 21:50:00

To stick to the plan to halve it . and the the us central bank the federal reserve has raised us interest rates again in the past couple of hours, despite the turmoil in the global banking sector. it s hiked rates by quarter of 1% at the conclusion of its two day meeting leaving the benchmark overnight rate in a range of 4.75 to 5%. it s the ninth hike in us rates since march last year let s talk about the economics here with joel and let s talk about the economics here withjoel and anna. let me bring you in with what is happening in the us, only a couple hours ago it was justified that point .25 varieties in the cost of borrowing, pretty much what was expected, but it was a banking crisis we have been talking about over the last few days has had an impact on where the federal reserve sees the economy going in the states. the reserve sees the economy going in the states. . , reserve sees the economy going in the states. ., , , the states. the federal reserve is ri . ht in the stat ....

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