U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools

STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools SHOOTING TIME: June 12, 2024 DATELINE: June 13, 2024 LENGTH: 00:01:26 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 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 the latest consumer price data shows that inflation seems to be cooling. In a statement after the two-day policy meeting, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated that the committee 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." In addition, the committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, the FOMC said. The Fed's announcement came just a few hours after the U.S. Labor Department reported that the

U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation ticks up

STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation ticks up SHOOTING TIME: May 1, 2024 DATELINE: May 2, 2024 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell at the press conference 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 that inflation continued to tick up. "Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement released after the Fed's two-day policy meeting. "The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the statement read. Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly

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

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. Fed leaves interest rates unchanged as inflation cools, signaling end to rate hiking cycle

STORY: U.S. Fed leaves interest rates unchanged as inflation cools, signaling end to rate hiking cycle SHOOTING TIME: Dec. 13, 2023 DATELINE: Dec. 14, 2023 LENGTH: 0:00:36 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 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, signaling an end to its rate hiking cycle and possible rate cuts next year. "Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter," the Federal Open Market Committee (FOMC) said in a statement after concluding a two-day policy meeting, the last in 2023. "Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated," the committee said. The central bank noted that tighter financial and credit conditions for households and

U.S. Fed leaves interest rates unchanged amid surging Treasury yields

STORY: U.S. Fed leaves interest rates unchanged amid surging Treasury yields SHOOTING TIME: Nov. 1, 2023 DATELINE: Nov. 2, 2023 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of speech by Fed Chairman Jerome Powell STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 percent, as yields on long-term U.S. Treasury bonds have spiked in recent months. "Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated," the Federal Open Market Committee (FOMC) said in a statement after concluding a two-day policy meeting. Wednesday's decision comes as the 10-year Treasury yield has risen swiftly, by nearly one percentage point, since Fed officials last raised rates in July, recently hitting 5 percent for the first ti

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

STORY: U.S. Fed hikes interest rates by 25 basis points DATELINE: July 27, 2023 LENGTH: 00:01:31 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of exterior of the U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rates by 25 basis points to the range of 5.25 to 5.5 percent, the highest level in over two decades, as it continues to ramp up its fight against inflation. It is the 11th interest rate increase since the Fed began its aggressive rate hiking campaign in March 2022, taking the federal funds rate to its highest level since early 2001. "Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement on Wednesday afternoon, after a two-day policy meeting. The FOMC "s

U.S. Fed pauses hike of interest rates

STORY: U.S. Fed pauses hike of interest rates DATELINE: June 16, 2023 LENGTH: 00:01:29 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Federal Reserve Chair Jerome Powell attending the press conference 2. various of exterior of the U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday kept the target range of the federal funds rate unchanged at 5 percent to 5.25 percent, following a slew of 10 consecutive hikes since March 2022. "Holding the target range steady at this meeting allows the committee to assess additional information and its implications for monetary policy," the Federal Open Market Committee (FOMC) said in a statement issued on Wednesday afternoon, after concluding its latest two-day policy meeting. The pause of interest rate hikes was widely expected as the year-on-year growth rate of the U.S. consumer price index slowed down to 4 percent in May, from a peak of 9.1 percent in June 2022. The Federal Reserve reiterated that it is strongly committed

Dollar hits nearly 10-month low of 116.40 yen

Dollar hits nearly 10-month low of 116.40 yen

TOKYO, Japan - The sign board at Tokyo foreign exchange brokerage Toforexueda indicates the U.S. dollar fell to nearly 10-month lows against the yen on May 8 on persistent selling against the Japanese currency. Dollar-selling accelerated after the U.S. Federal Reserve's Federal Open Market Committee (FOMC) signaled a readiness to ease its monetary grip if the economy deteriorates despite the end of combat in Iraq.

Scholars warn negative effects of U.S. interest rate hikes on global economy

STORY: Scholars warn negative effects of U.S. interest rate hikes on global economy DATELINE: Sept. 22, 2022 LENGTH: 0:01:24 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. 2. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science 3. SOUNDBITE 2 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities 4. various of Türkiye 5. SOUNDBITE 3 (Turkish): KAYA ARDIC, Scholar, Piri Reis University, Türkiye STORYLINE: The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent. The Fed's latest action came after it raised the benchmark interest rate by three-quarters of a point (75 basis points) at both its June and July meetings, marking the boldest move in d

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

(220922) -- WASHINGTON, Sept. 22, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 21, 2022. The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent and "anticipates that ongoing increases in the target range will be appropriate," the Fed said in a statement after a two-day policy meeting. (Photo by Alexander Norton/Xinhua)

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

(220922) -- WASHINGTON, Sept. 22, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 21, 2022. The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent and "anticipates that ongoing increases in the target range will be appropriate," the Fed said in a statement after a two-day policy meeting. (Photo by Alexander Norton/Xinhua)

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

(220922) -- WASHINGTON, Sept. 22, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 21, 2022. The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent and "anticipates that ongoing increases in the target range will be appropriate," the Fed said in a statement after a two-day policy meeting. (Photo by Alexander Norton/Xinhua)

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

(220922) -- WASHINGTON, Sept. 22, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 21, 2022. The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent and "anticipates that ongoing increases in the target range will be appropriate," the Fed said in a statement after a two-day policy meeting. (Photo by Alexander Norton/Xinhua)

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

(220922) -- WASHINGTON, Sept. 22, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 21, 2022. The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent and "anticipates that ongoing increases in the target range will be appropriate," the Fed said in a statement after a two-day policy meeting. (Photo by Alexander Norton/Xinhua)

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

U.S.-WASHINGTON, D.C.-FED-RATE-HIKE

(220922) -- WASHINGTON, Sept. 22, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 21, 2022. The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent and "anticipates that ongoing increases in the target range will be appropriate," the Fed said in a statement after a two-day policy meeting. (Photo by Alexander Norton/Xinhua)

U.S. Fed raises rates by another three-quarter point amid persistent inflation

STORY: U.S. Fed raises rates by another three-quarter point amid persistent inflation DATELINE: July 28, 2022 LENGTH: 00:01:47 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of Jerome Powell addressing the press 2. various of exterior of U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. The Fed said in a statement after a two-day policy meeting that "Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures," adding that the central bank is "highly attentive to inflation risks." The Fed said that "The war (in Ukraine) and related events are creating additional upward pressure on inflation and are weighing on global economic activity." The Federal Open Market Committee (FOMC), the Fed's policy-making body, decided to rai

U.S. Fed raises rates by three-quarter point amid inflation surprises

STORY: U.S. Fed raises rates by three-quarter point amid inflation surprises DATELINE: June 16, 2022 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 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 data released in recent days indicated inflation showed no clear sign of easing. "Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures," the Fed said in a statement after a two-day policy meeting, adding that the Fed is "highly attentive to inflation risks." The Federal Open Market Committee (FOMC), the Fed's policy-making body, decided to raise the target range for the federal funds rate to 1.5 to 1.75 percent and "anticipates that ongoing increases in the target range will be appropriate." The statement showed that 10 committee members voted for the deci

U.S. Fed raises interest rates by half point, ramping up inflation fight

STORY: U.S. Fed raises interest rates by half point, ramping up inflation fight DATELINE: May 5, 2022 LENGTH: 00:01:57 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chairman 2. SOUNDBITE 2 (English): JEROME POWELL, U.S. Federal Reserve Chairman 3. Exterior of the U.S. Federal Reserve STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by a half percentage point, marking the sharpest rate hike since 2000, as it takes more aggressive steps to rein in the highest inflation in four decades. The Federal Open Market Committee (FOMC), the Fed's policy-making body, decided to raise the target range for the federal funds rate to 0.75 to 1 percent, the Fed said in a statement after a two-day policy meeting. The committee also decided to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities on June 1, according to the statement. SOUNDBITE 1 (English): JER

U.S. Fed kicks off rate-hiking cycle to combat inflation, adds to global debt concerns

STORY: U.S. Fed kicks off rate-hiking cycle to combat inflation, adds to global debt concerns DATELINE: March 17, 2022 LENGTH: 00:01:28 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chairman 2. SOUNDBITE 2 (English): JEROME POWELL, U.S. Federal Reserve Chairman 3. SOUNDBITE 3 (English): JEROME POWELL, U.S. Federal Reserve Chairman STORYLINE: The U.S. Federal Reserve on Wednesday kicked off an interest-rate hiking cycle and signaled six more rate hikes later this year, as it seeks to tame the highest U.S. inflation in four decades. SOUNDBITE 1 (English): JEROME POWELL, U.S. Federal Reserve Chairman "At the federal reserve, we are strongly committed to achieving the monetary policy goals that Congress has given us, maximum employment and price stability. Today in support of these goals, the FOMC (Federal Open Market Committee) raised its policy interest rate by one quarter percentage point." SOUNDBITE 2 (English): JEROME POWELL, U.S. Fed

Fed Chairman Powell meets press after FOMC meeting

Fed Chairman Powell meets press after FOMC meeting

Screenshot shows Federal Reserve Chairman Jerome Powell attending an online press conference on March 16, 2022, after the Fed concluded a two-day meeting of the policy-setting Federal Open Market Committee in Washington earlier in the day.

Fed Chairman Powell meets press after FOMC meeting

Fed Chairman Powell meets press after FOMC meeting

Screenshot shows Federal Reserve Chairman Jerome Powell attending an online press conference on March 16, 2022, after the Fed concluded a two-day meeting of the policy-setting Federal Open Market Committee in Washington earlier in the day.

Dollar hits nearly 10-month low of 116.40 yen

Dollar hits nearly 10-month low of 116.40 yen

TOKYO, Japan - The sign board at Tokyo foreign exchange brokerage Toforexueda indicates the U.S. dollar fell to nearly 10-month lows against the yen on May 8 on persistent selling against the Japanese currency. Dollar-selling accelerated after the U.S. Federal Reserve's Federal Open Market Committee (FOMC) signaled a readiness to ease its monetary grip if the economy deteriorates despite the end of combat in Iraq. (Kyodo)