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Evening Standard

Business

City Staff

FTSE 100 Live: US interest rates in big jump as Fed hikes by 0.75%

United States Interest Rates United Kingdom US Federal Reserve Inflation

US interest rates are going up today in another big bound in the Federal Reserve‘s aggressive fight against inflation.

The action from policymakers comes amid fears of a hard landing for the US economy.

Sterling weakened to a fresh 37-year low against the US dollar earlier today as UK public finances also showed the government made record debt interest payments of £8.2 billion in August.

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Top stories on inkl right now

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IVF hack inquiry confirms details published on dark web

An investigation following a cyber attack in which a raft of IVF patient details were stolen has confirmed they were published on the dark web.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Man dies after being pulled into MRI machine by metal chain in freak accident

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