BBCNEWS Talking Business June 4, 2024 00:33:00
Because the main us interest rate has gone up. it's gone up from rock bottom at the start of the year to a range of 3% to 3.75%. the point of that is to suck money out of the economy because higher energy and food costs have driven inflation to a ao—year high of more than 8% in the us. and that's the priority for the us central bank, which is expected to push interest rates up even further this year. my colleagues and i are strongly committed to bringing inflation back down to our 2% goal. we have both the tools we need and the resolve that it will take to restore price stability on behalf o...