US Federal Reserve plans interest rate hikes to tackle inflation

BUSINESS DAILY © FRANCE 24

The US Federal Reserve is planning to raise interest rates three times in 2022, after inflation hit its highest level in almost 40 years in November. The central bank also announced an early end to its bond-buying stimulus programme. Meanwhile, the European Central Bank and the Bank of England are both meeting this Thursday. They will also be discussing inflation, as the pace of price rises across Europe reaches its highest level in a decade.