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we start in the us where the most powerful person in globalfinance the chair of the federal reserve has signalled the end of ultra cheap money is around the corner. us interest rates which affect the cost of borrowing around the world have been kept near to zero since the pandemic hit in early 2020. and the fed has held off raising them at this week s meeting. butjerome powell says higher rates, quote: will soon be appropriate as the economy recovers and inflation surges. our north america business correspondent michelle fleury has more. the federal reserve is going to be raising interest rates for the first time in three years. the move could come as early as march as inflation cast a shadow over the world s largest economy. when interest rates are near zero that is typically because an economy needs help and business needs help and thatis and business needs help and that is what the fed did to shelter the us economy from the west effect of the pandemic backin west
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