US Fed further hikes interest rate in fight against high inflation

Washington [US], March 23 (ANI): The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by 25 basis points to 4.75-5.0 per cent at its latest two-day review meet.

The latest hike was the same size as its previous rate increase in the February meeting and marked its ninth straight rate hike.

The hike comes amid the dil