Business

US Federal Reserve to raise interst rates in May


While Australia’s cash rate stays stagnant, the world is moving quickly on inflation by raising interest rates, according to Sky News Business Editor Ross Greenwood.

The Chairman of the US Federal Reserve Jerome Powell says a half a per cent rate rise in May is likely.

The prediction impacted the US markets as they opened strongly before closing with a drop.

The Reserve Bank now seems to be behind the curve as Chairman Philip Lowe stands firm on the 0.1 per cent cash rate.

While Australia’s money fee stays stagnant, the world is shifting rapidly on inflation by elevating rates of interest, in accordance with Sky News Business Editor Ross Greenwood.

The Chairman of the US Federal Reserve Jerome Powell says a half a per cent fee rise in May is probably going.

The prediction impacted the US markets as they opened strongly earlier than closing with a drop.

The Reserve Bank now appears to be behind the curve as Chairman Philip Lowe stands agency on the 0.1 per cent money fee. While Australia’s money fee stays stagnant, the world is shifting rapidly on inflation by elevating rates of interest, in accordance with Sky News Business Editor Ross Greenwood.

The Chairman of the US Federal Reserve Jerome Powell says a half a per cent fee rise in May is probably going.

The prediction impacted the US markets as they opened strongly earlier than closing with a drop.

The Reserve Bank now appears to be behind the curve as Chairman Philip Lowe stands agency on the 0.1 per cent money fee.

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