U.S. Fed hikes interest rates by 25 basis points

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U.S. Fed hikes interest rates by 25 basis points

STORY: U.S. Fed hikes interest rates by 25 basis points DATELINE: May 5, 2023 LENGTH: 00:01:18 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. Various of the press conference at the U.S. Federal Reserve 2. Various of exterior of the U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday raised the target range for the federal funds rate by 25 basis points to 5-5.25 percent, saying that the Fed "remains highly attentive to inflation risks." As the tenth hike since March 2022, the continuous tightening of monetary policy is in line with market expectations. Still, there are growing calls for pause of rate hikes as U.S. inflation eased recently and recession risks heightened. A group of 10 U.S. senators and Congress members sent a letter to Fed Chair Jerome Powell early this week, calling for a pause in interest rate hikes at the Fed's monetary policy meeting ending Wednesday. Xinhua News Agency correspondents reporting from Washington D.C. (XHTV)

  • Product Code
  • ILEA001270413
  • Registered date
  • 2023/5/05 00:00:00
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  • Xinhua / Kyodo News Images
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  • Xinhua News Agency.All Rights Reserved
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