Federal Reserve hikes interest rates for 10th time, signals pause

BUSINESS DAILY © FRANCE 24

The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector. Also in the show: eurozone inflation hits a record low of 6.5 percent, and Indian budget carrier Go First cancels flights as it files for bankruptcy.