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

Turkish pet lovers feel squeeze amid high inflation, rising living cost

STORY: Turkish pet lovers feel squeeze amid high inflation, rising living cost DATELINE: Sept. 20, 2022 LENGTH: 00:01:14 LOCATION: Ankara CATEGORY: SOCIETY SHOTLIST: 1. various of the pet owners and animals in "PETZOO" pet fair 2. SOUNDBITE 1 (Turkish): ECE ONDEROGLU, Dog trainer in Türkiye 3. SOUNDBITE 2 (Turkish): KEREM KECECI, CEO of dog and cat food company Bosphorus 4. SOUNDBITE 3 (Turkish): ECE ONDEROGLU, Dog trainer in Türkiye STORYLINE: High inflation and rising cost of living in Türkiye are burdening pet owners and animal shelters. This comes at a time when everything, including essentials for the furry companions, is increasingly expensive amid a sharp decline in the households' purchasing power. SOUNDBITE 1 (Turkish): ECE ONDEROGLU, Dog trainer in Türkiye "We are struggling because of price hikes. Pet food prices have skyrocketed because most of the premium pet food is imported, and as the lira has declined against the euro and the dollar, prices have soared." Türkiye is witnessing an economi