Seema Shah

50bps increase to tackle inflation

Food and fuel prices among the big risers

First back-to-back hike since 2006

3.5% unemployment

40 year high

First hike since 2018

Central bank says invasion is a “watershed” moment

In a further sign inflation is becoming an endemic issue, the US consumer price index hit 7.5% in January - its highest level since 1982.

Inflation expected to rise to 6%

467,000