The US central bank has held its key interest rate at its current 22-year high as it seeks to stabilise price rises, which had recently reached near-record levels. The Federal Reserve's rate target remains at 5.25%-5.5%.

Investors around the world are awaiting the conclusion of the Federal Reserve meeting in Washington this Wednesday. While there is a wide consensus that the US central bank will leave its key interest rate unchanged, observers will be looking for clues as to how much longer the Fed's cycle of monetary tightening will continue. Han Tan, chief market analyst at Exinity, tells us why this matters and what to look out for. Also in the show, the UK sees a surprising inflation slowdown in August.

The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector.