Morning News: U.S. Raises Rates, Lockdown Fatigue In China, Nelson Mandela

Prices in America are rising faster than at any time in the past 40 years. In response, the Federal Reserve has made its steepest interest-rate hike in 20 years.

Will it be enough to tame inflation while not tipping America into recession? Shanghai’s residents are growing restive after a long lockdown. And Nelson Mandela’s name and legacy are being used to sell a growing range of consumer goods.

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