U.S. Fed rolls out largest rate hike since 1994, weighing on global economy

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U.S. Fed rolls out largest rate hike since 1994, weighing on global economy

STORY: U.S. Fed rolls out largest rate hike since 1994, weighing on global economy DATELINE: June 16, 2022 LENGTH: 00:02:11 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. exterior of U.S. Federal Reserve 2. various of New York Stock Exchange 3. SOUNDBITE 1 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City 4. SOUNDBITE 2 (Spanish): JORGE MARCHINI, Professor of Economy, University of Buenos Aires 5. SOUNDBITE 3 (English): HSIA HUA SHENG, Associate professor of international finance with Getulio Vargas Foundation STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, marking the sharpest rate hike since 1994, as reports in recent days indicated inflation showed no clear sign of easing. Experts say the biggest rate hike in 28 years will weigh on global economy and bankrupt third world countries. SOUNDBITE 1 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City "Suppose y

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