For the third consecutive time, the US Federal Reserve is expected to raise interest rates by a quarter-point later today as inflation is still far from its targeted level, even though it has cooled off from the highs. The 25-basis-point hike will take the Fed’s target range to 5.00-5.25%. ET NOW's Hersh Sayta brings us all the details.

Source: Economic Times May 03, 2023 18:02 UTC