Federal Reserve raises key interest rate 0.75% as it tries to calm inflation. The Federal Reserve said on Wednesday that it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades.

The Fed raises interest rates by the most in over 20 years The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

The US Federal Reserve is setting the stage to raise interest rates in March, to combat elevated inflation. It's also taking further steps to phase out its emergency support of the US economy. Nancy Vanden Houten, Lead US Economist at Oxford Economics, says America's central bank has limited tools to fight the surge in prices. Also in the show - workers at France's EDF go on strike, over government efforts to limit electricity bills.

The US Federal Reserve has opened the door to an interest rate hike and tapering of its emergency monetary stimulus. The central bank has warned, though, that the rising number of Covid-19 cases could impact economic growth. Christian Lawrence, Senior Markets Strategist at Rabobank New York, explains the impact on American households. Also on the show: Netflix seeks the golden ticket as it acquires the rights to late British author Roald Dahl's creations.

The US stock market received a boost from the Federal Reserve's announcement, with near-zero rates pushing capital towards shares. What was once a choice, before the coronavirus outbreak, might now be a necessity.

The US stock market received a boost from the Federal Reserve's announcement, with near-zero rates pushing capital towards shares. What was once a choice, before the coronavirus outbreak, might now be a necessity.

US Federal Reserve cuts interest rates for the second time in 2019

President Donald Trump tells reporters at the White House the Federal Reserve should be cutting interest rates and that he's not ready to make a trade deal with China.

Federal Reserve Chairman Jerome Powell has hinted at a possible rate cut in his testimony to the House Financial Services Committee (HFSC), noting that it would be an appropriate move if the trade spat was slowing down the economy. Meanwhile, Nigeria’s equities market was down 0.2 per cent on Wednesday. Robert Omotunde, Head of Investment Research at Afrinvest Securities joins CNBC Africa for more.

Mohamed El-Erian, chief economic adviser at Allianz, discusses the Federal Reserve's neutral rate and uncertainty from U.S. tariffs on Mexico.

Valentin Marinov, head of G-10 FX research at Credit Agricole discusses the price of oil, Federal Reserve policy and currency markets.

President Donald Trump’s 24-hour bashing of the Federal Reserve is unlikely, for now, to shake the central bank’s standing among its two key constituencies that matter more: financial markets and Congress.