Midday Business News for 22 September 2022

News from the business sector Fonterra says its full year profit is a good one, considering increased milk costs and ongoing supply chain disruptions. The Westpac McDermott Miller Consumer Confidence index for the September quarter rose nearly 9-points, to 87-point-6, where it was during the global financial crisis. The Federal Reserve stuck to the script and expectations with a 75 basis point rise in its benchmark rate to 3.25 percent with a promise of more to come.