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The US Federal Reserve Chair Jerome Powell on Wednesday announced a 0.75% jump in interest rates, suggesting future increases could be smaller.

Emergency warnings have been triggered in Japan as North Korea launches a ballistic missile. It marks a further increase in tensions on the peninsula.

Also on Business Matters, we look at one of Mexico鈥檚 most popular cultural traditions, the Day of the Dead.

(Picture: U.S. Federal Reserve Bank Board Chairman Jerome Powell delivers opening remarks during a news conference following a meeting of the Federal Open Market Committee (FMOC) at the bank headquarters on November 02, 2022 in Washington, DC. Credit: Getty Images).