BizBeat Ep. 743: Wall Street slides as Fed keeps rate at 22-year high

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U.S. stocks slid on Wednesday after the Federal Reserve announced the decision to keep its interest rates steady, suggesting the risk of recession still looms over the U.S. economy. The Fed rates stand at a 22-year high with officials signaling more hikes this year and rates potentially remaining high for longer than previously expected. In this episode of BizBeat, CGTN's Wang Tianyu explains.