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Fed hikes US interest rate; remains sphinx-like on further action

And US consumers catch a break on the avocado front.

US avocado lovers are enjoying cheaper fruit thanks to a global glut.

Dita De Boni Thu, 03 Nov 2022

Mōrena and welcome to Thursday, and a summary of the top business and political news from around the world overnight.

The US Federal Reserve has this morning approved a widely expected, fourth consecutive, 75 basis point interest rate rise, bringing its short-term borrowing rate to a target range

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Dita De Boni Thu, 03 Nov 2022
Contact the Writer: dita@nbr.co.nz
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Fed hikes US interest rate; remains sphinx-like on further action
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