Emerging economies raise concern over U.S. Fed's rate hikes

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Emerging economies raise concern over U.S. Fed's rate hikes

STORY: Emerging economies raise concern over U.S. Fed's rate hikes DATELINE: Sept. 27, 2022 LENGTH: 00:02:35 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Federal Reserve 2. various of the exchange rate related scenes 3. Soundbite 1 (Turkish) MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 4. various of street views in Türkiye 5. SOUNDBITE 2 (Turkish): KEREM KECECI, CEO of dog and cat food company Bosphorus 6. SOUNDBITE 3 (Turkish): TUNCAY YUKSEL, Shop owner in Ankara 7. SOUNDBITE 4 (Turkish): FATMA EREN, Homemaker 8. various of street views in Türkiye STORYLINE: U.S. Federal Reserve (Fed) has once again lifted interest rates, fueling concerns over spillover effects among emerging economies. Earlier this month, the Fed raised its benchmark interest rate by 0.75 percentage points to a range of 3.00 to 3.25 percent. Since March, it has lifted interest rates five times, including three consecutive 75-basis-point rate hikes in June, July and September. A Turkish economist has sai

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