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France 24
France 24
Business

Federal Reserve sets stage for March interest rate hike

BUSINESS DAILY © FRANCE 24

The US Federal Reserve is setting the stage to raise interest rates in March, in a bid to combat elevated inflation. It's also taking further steps to phase out its emergency support of the US economy. Nancy Vanden Houten, Lead US Economist at Oxford Economics, tells us America's central bank has limited tools to fight the surge in prices. Also on the show: workers at France's power utility EDF go on strike over government efforts to limit electricity bills.

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