US holds interest rates for sixth time

Business Matters

The US Federal Reserve says it needs greater confidence that inflation is easing before cutting interest rates. We get the latest from our correspondent in New York. The housing market is one of the industries most impacted by the higher cost of borrowing. We hear from a buyer. And we have an exclusive interview with Pakistan's Finance Minister, Muhammad Aurangzeb, about the conditions the country has to meet after taking a loan from the International Monetary Fund. Roger Hearing discusses these and more business stories with two guests on opposite sides of the world: Karen Percy, a freelance reporter in Melbourne, and Alison Van Diggelen, host of 'Fresh Dialogues' in Silicon Valley.

(Photo: A trader works inside a booth, as screens display a news conference by Federal Reserve Board Chairman Jerome Powell. Credit: Reuters)