US central bank signals interest rate hikes in 2022
The Federal Reserve will withdraw support for the post-pandemic US economy more quickly.
The Federal Reserve will withdraw support for the post-pandemic US economy more quickly in response to rising inflation. Chris Low of FHN Financial in New York explains the Fed's new measures, which include three possible interest rate rises in 2022.
Also in the programme, nearly 12,000 outdoor eating 'sheds' have sprung up all over New York City in response to coronavirus restrictions. While they have been a lifeline for restaurants, residents are beginning to complain about the noise, the rubbish and the thriving rat population they are causing. Our reporter Lucy Hooker reports.
And Nike has announced the acquisition of British startup RTFKT Studios, which makes virtual trainers for the online world known as the metaverse. Richard Lawler of tech website The Verge tells us what's behind the move.
Ed Butler is joined throughout the programme by Tribune columnist Sushma Ramachandran in Delhi and Marketplace reporter Andy Uhler in Texas.
(Picture: Federal Reserve head Jerome Powell. Picture credit: Getty Images.)
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Business Matters
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