Dow sinks 530 points after Fed rate hike

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Dow sinks 530 points after Fed rate hike

STORY: Dow sinks 530 points after Fed rate hike DATELINE: March 23, 2023 LENGTH: 00:02:28 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of New York Stock Exchange on Wall Street 2. various of the Federal Reserve 3. various of Fed Chair Jerome Powell making an announcement 4. various of a Signature Bank branch in Manhattan, New York STORYLINE: U.S. stocks fell sharply on Wednesday after the Federal Reserve raised rates by a quarter of a percentage point. The Dow Jones Industrial Average fell 530.49 points, or 1.63 percent, to 32,030.11. The S&P 500 dropped 65.90 points, or 1.65 percent, to 3,936.97. The Nasdaq Composite Index shed 190.15 points, or 1.60 percent, to 11,669.96. All the 11 primary S&P 500 sectors ended in red, with real estate and financials down 3.64 percent and 2.37 percent respectively, leading the slide. The Fed approved a 25 basis point rate hike at the conclusion of its two-day meeting on Wednesday, forging ahead with its fight against stubborn inflation despite fina

  • Product Code
  • ILEA001254517
  • Registered date
  • 2023/3/23 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 156.06(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Nigeria's central bank raises interest rate to 24.75 pct

    STORY: Nigeria's central bank raises interest rate to 24.75 pct SHOOTING TIME: March 26, 2024 DATELINE: March 28, 2024 LENGTH: 00:00:56 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja 2. various of aerial shots of the Central Bank of Nigeria 3. various of Abuja 4. various of the meeting attended by Yemi Cardoso 5. SOUNDBITE (English): YEMI CARDOSO, Governor of Central Bank of Nigeria STORYLINE: The Central Bank of Nigeria (CBN) on Tuesday further raised the monetary policy rate by 200 basis points to 24.75 percent amid rising inflation in the most populous African country. The move, made barely one month after it raised the interest rate to 22.75 percent, was in consideration of the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability, CBN Governor Yemi Cardoso, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja. SOUNDBITE (English): YEMI CARDOSO, Governo

      U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct amid continued inflation pressures

      STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct amid continued inflation pressures SHOOTING TIME: March 20, 2024 DATELINE: March 21, 2024 LENGTH: 00:01:11 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell waking into the press room 2. SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates continued inflation pressures. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated in a statement that it does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair "Inflation is still too high, ongoing progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to ret

        Bank of Japan ends negative interest rates in historic policy overhaul

        STORY: Bank of Japan ends negative interest rates in historic policy overhaul SHOOTING TIME: Earlier footage DATELINE: March 19, 2024 LENGTH: 0:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Japan 2. various of city views in Tokyo STORYLINE: The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. After a two-day policy meeting, the central bank's policy board decided to guide short-term rate to a range of 0 to 0.1 percent, up a fraction from minus 0.1 to 0 percent, judging that its goal of attaining a stable 2 percent inflation is "in sight." "It came into sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner," the BOJ said in a post-meeting statement. On top of returning to positive rates, the BOJ also decided to scrap it

          Egypt's central bank raises interest rates by 600 bps

          STORY: Egypt's central bank raises interest rates by 600 bps SHOOTING TIME: earlier footage DATELINE: March 7, 2024 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: The Central Bank of Egypt (CBE) raised its interest rates by 600 basis points (bps) on Wednesday and said it would allow the exchange rate to be determined by the market in a bid to ensure a smooth transition to a flexible inflation targeting regime. In a statement, the central bank raised the overnight lending rate to 28.25 percent, its overnight deposit rate to 27.25 percent, and the rate of the main operation to 27.75 percent. The CBE decided to accelerate the monetary tightening process in order to fast-track the disinflation path and ensure a decline in underlying inflation. Egypt's annual inflation figures, despite recent declines, are expected to remai

            Powell reiterates U.S. Fed not ready to start cutting interest rates

            STORY: Powell reiterates U.S. Fed not ready to start cutting interest rates SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:01:00 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the congressional hearing before the House Financial Services Committee 2. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chair 3. SOUNDBITE 2 (English): JEROME POWELL, U.S. Federal Reserve Chair 4. SOUNDBITE 3 (English): JEROME POWELL, U.S. Federal Reserve Chair 5. various of the Capitol Hill STORYLINE: U.S. Federal Reserve Chair Jerome Powell on Wednesday reiterated that the central bank is not ready to start cutting interest rates, noting that he needs to see a little bit more data before taking any action. "If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year," Powell said in prepared remarks for a congressional hearing before the House Financial Services Committee. SOUNDBITE 1 (English): J

              Egypt's central bank raises interest rates by 200 bps to ease inflation

              STORY: Egypt's central bank raises interest rates by 200 bps to ease inflation SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 2, 2024 LENGTH: 00:00:54 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting Egyptian banknotes 3. various of a market STORYLINE: The Central Bank of Egypt (CBE) raised its overnight interest rates by 200 basis points (bps) on Thursday over uncertainty surrounding the inflation outlook. The rate hike brings the lending rate to 22.25 percent and the deposit rate to 21.25 percent. "Widespread inflationary pressures remain elevated, continuing to impact pricing and consumption behaviors," the bank said in a statement. Egypt's annual headline and core inflation continued to decelerate, recording 33.7 percent and 34.2 percent in December 2023. However, geopolitical uncertainty and ongoing maritime trade disruptions continue to raise domestic and global inflationary pressures. The meeting came amid the co
                U.S.-NEW YORK-STOCKS-FALL

                U.S.-NEW YORK-STOCKS-FALL

                (240131) -- NEW YORK, Jan. 31, 2024 (Xinhua) -- Traders work on the floor of the New York Stock Exchange in New York, the United States, on Jan. 31, 2024. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 317.01 points, or 0.82 percent, to 38,150.3. The S&P 500 sank 79.32 points, or 1.61 percent, to 4,845.65. The Nasdaq Composite Index shed 345.89 points, or 2.23 percent, to 15,164.01. (Photo by Michael Nagle/Xinhua)

                  U.S. Fed leaves rates unchanged amid inflation progress

                  STORY: U.S. Fed leaves rates unchanged amid inflation progress SHOOTING TIME: Jan. 31, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:54 LOCATION: Washington, D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as inflation continued to cool, while avoiding the signal of an imminent rate cut going forward. This latest policy meeting, the first in 2024, marked the fourth straight meeting for the central bank to hold policy rate steady. At a press conference Wednesday afternoon, Fed Chair Jerome Powell said that inflation eased from its highs without a significant increase in unemployment, which was "very good news," while noting that inflation remained above the Fed's longer-run goal of 2 percent. SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair "Today, the FOMC decided to leave our policy
                    U.S.-NEW YORK-STOCKS-FALL

                    U.S.-NEW YORK-STOCKS-FALL

                    (240131) -- NEW YORK, Jan. 31, 2024 (Xinhua) -- Traders work on the floor of the New York Stock Exchange in New York, the United States, on Jan. 31, 2024. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 317.01 points, or 0.82 percent, to 38,150.3. The S&P 500 sank 79.32 points, or 1.61 percent, to 4,845.65. The Nasdaq Composite Index shed 345.89 points, or 2.23 percent, to 15,164.01. (Photo by Michael Nagle/Xinhua)
                      U.S.-NEW YORK-STOCKS-FALL

                      U.S.-NEW YORK-STOCKS-FALL

                      (240131) -- NEW YORK, Jan. 31, 2024 (Xinhua) -- Traders work on the floor of the New York Stock Exchange in New York, the United States, on Jan. 31, 2024. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 317.01 points, or 0.82 percent, to 38,150.3. The S&P 500 sank 79.32 points, or 1.61 percent, to 4,845.65. The Nasdaq Composite Index shed 345.89 points, or 2.23 percent, to 15,164.01. (Photo by Michael Nagle/Xinhua)