Update: US makes biggest interest rate rise for 22 years May 4, 2022

from World Business Report· ·

The US central bank, the Federal Reserve, has raised interest rates by 0.5% in a bid to combat rising inflation, which is currently running at 8.5%. We get analysis from our north America business correspondent Michelle Fleury. And Susan Schmidt of Aviva Investors in Chicago tells us how investors reacted to the Fed's announcement. Diego Maradona's infamous 'Hand of God' football shirt sells for a record £7.1 million. We assess the legacy of the footballer - and that 1986 game - with Marcela Mora y Araujo, an Argentine sports journalist based in London.



The US central bank, the Federal Reserve, has raised interest rates by 0.5% in a bid to combat rising inflation, which is currently running at 8.5%. We get analysis from our north America business correspondent Michelle Fleury. And Susan Schmidt of Aviva Investors in Chicago tells us how investors reacted to the Fed's announcement. Diego Maradona's infamous 'Hand of God' football shirt sells for a record £7.1 million. We assess the legacy of the footballer - and that 1986 game - with Marcela Mora y Araujo, an Argentine sports journalist based in London.