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U.S. Federal Reserve raises interest rate

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U.S. Federal Reserve raises interest rate as inflation soars

U.S. Federal Reserve raises interest rate, increasing it by three-quarters of a percentage point.

Officials aren’t giving up on their goal to defeat inflation, with the bank chief vowing to do everything he can to tackle the rising cost of living.

U.S. Federal Reserve Chair Jerome Powell says officials “will keep at it until the job is done”. Powell signalled there will likely be at least one more hike of this size, later this year.

The Fed raised the its target interest rate to a range of 3 – 3.25 per cent, the highest level since 2008.

Projections show the official rate reaching 4.25 – 4.5 per cent by the end of 2022, before maxing out at around 4.5 – 4.75 per cent in 2023.

“We have got to get inflation behind us,” Powell said. “I wish there were a painless way to do that. There isn’t.”

The central bank has an inflation target of 2 per cent, but it has been running at more than three times this number.

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Disney’s Drama

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What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

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The Tech Market Crash

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Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

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Shell delivers record 2022 profit

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Petrol company Shell has delivered a record $40 billion profit in 2022

It comes on the back of surging energy prices, and the war in Ukraine.

The company also reported a fourth-quarter profit of almost $10 billion, beating estimates.

The $40 billon in annual profit soared past the previous record of $31 billion in 2008.

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