1st US rate hike since pandemic set in March

By Agence France-Presse

Jan 28, 2022 12:03 am

SAN FRANCISCO: Federal Reserve Chairman Jerome Powell on Wednesday (Thursday in Manila) gave a clear signal the central bank is ready to raise US interest rates in March for the first time since cutting them to zero when Covid-19 broke out.

That would end the era of easy money that fueled Wall Street's record-setting run during the pandemic.

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