BBCNEWS World July 6, 2024
in the united states where the central bank, the us federal reserve, has raised the cost of borrowing for the tenth time. the quarter—percent rise puts the fed's main interest rate at between 5 and 5. 25% — the highest it's been in 16 years. but has it done enough to tame inflation? or with banks struggling and recession looming, has the fed gone too far? our north america business correspondent samira hussain reports from new york. inflation remained stubbornly high, to try to get the cost of living back down to more normal levels the federal reserve has raised interest rates te...