US Federal Reserve signals interest rate rise slowdown

Financial markets have taken off overnight as the majority of US Federal Reserve members signalled an easing in super-charged interest rate rises to beat down inflation.

Sky News Business Editor Ross Greenwood says generally, this should be “pretty positive news” for markets.

“And the US market overnight did turn around on the news that the majority of members of the US Federal Reserve believe that they think that interest rate rises that have been at supercharged levels in the United States should start to ease off,” he said.

“And the reason for that is largely because they’re…

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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