Fed Cuts Interest Rates By A Quarter Point - Washington

Fed Cuts Interest Rates By A Quarter Point - Washington

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 7, 2024. The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. Photo by Hu Yousong/Xinhua/ABACAPRESS.COM

Fed Cuts Interest Rates By A Quarter Point - Washington

Fed Cuts Interest Rates By A Quarter Point - Washington

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 7, 2024. The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. Photo by Hu Yousong/Xinhua/ABACAPRESS.COM

Fed Cuts Interest Rates By A Quarter Point - Washington

Fed Cuts Interest Rates By A Quarter Point - Washington

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 7, 2024. The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. Photo by Hu Yousong/Xinhua/ABACAPRESS.COM

Fed Cuts Interest Rates By A Quarter Point - Washington

Fed Cuts Interest Rates By A Quarter Point - Washington

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 7, 2024. The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. Photo by Hu Yousong/Xinhua/ABACAPRESS.COM

Fed Cuts Interest Rates By A Quarter Point - Washington

Fed Cuts Interest Rates By A Quarter Point - Washington

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 7, 2024. The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. Photo by Hu Yousong/Xinhua/ABACAPRESS.COM

Fed Cuts Interest Rates By A Quarter Point - Washington

Fed Cuts Interest Rates By A Quarter Point - Washington

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 7, 2024. The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. Photo by Hu Yousong/Xinhua/ABACAPRESS.COM

ECB cuts key rate

ECB cuts key rate

European Central Bank President Christine Lagarde attends a press conference in Frankfurt on June 6, 2024, following the ECB's decision to lower its key rate by a quarter-point during a governing council meeting.

ECB cuts key rate

ECB cuts key rate

European Central Bank President Christine Lagarde attends a press conference in Frankfurt on June 6, 2024, following the ECB's decision to lower its key rate by a quarter-point during a governing council meeting.

U.S. Fed chair at press conference

U.S. Fed chair at press conference

U.S. Federal Reserve Chairman Jerome Powell speaks at a news conference on Feb. 1, 2023, following a Federal Open Market Committee meeting which resulted in a quarter-point rate increase.

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

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

(221102) -- WASHINGTON, Nov. 2, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 2, 2022. The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. (Xinhua/Liu Jie)

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

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

(221102) -- WASHINGTON, Nov. 2, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 2, 2022. The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. (Xinhua/Liu Jie)

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

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

(221102) -- WASHINGTON, Nov. 2, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 2, 2022. The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. (Xinhua/Liu Jie)

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

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

(221102) -- WASHINGTON, Nov. 2, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 2, 2022. The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. (Xinhua/Liu Jie)

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

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

(221102) -- WASHINGTON, Nov. 2, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 2, 2022. The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. (Xinhua/Liu Jie)

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

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

(221102) -- WASHINGTON, Nov. 2, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 2, 2022. The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. (Xinhua/Liu Jie)

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

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

(221102) -- WASHINGTON, Nov. 2, 2022 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 2, 2022. The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. (Xinhua/Liu Jie)

U.S. Fed implements fourth consecutive 0.75-point hike

STORY: U.S. Fed implements fourth consecutive 0.75-point hike DATELINE: Nov. 3, 2022 LENGTH: 00:01:58 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of exterior of the U.S. Federal Reserve in Washington D.C. STORYLINE: The U.S. Federal Reserve on Wednesday implemented the fourth consecutive three-quarter point interest rate hike, amid the worst inflation in four decades. The Fed raised its short-term borrowing rate by 0.75 percentage point to the highest level since January 2008. The Fed will "take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments," according to a statement. The rate raise is expected to put a dent in consumers' wallets, making it more costly for Americans to pay off debt or obtain a mortgage. The widely-watched consumer price index showed in September that inflation dropped slightly to 8.2 percent on an annua

U.S. Fed rate hikes spell trouble for Türkiye, emerging markets: expert

STORY: U.S. Fed rate hikes spell trouble for Türkiye, emerging markets: expert DATELINE: Sept. 28, 2022 LENGTH: 00:03:23 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets 2. various of an exchange office 3. various of Turkish Central Bank 4. SOUNDBITE (English): YALCIN KARATEPE, Economy and finance professor at Ankara University STORYLINE: A Turkish expert has said that aggressive rate hikes by the U.S. Federal Reserve have a drastic effect on emerging markets, particularly import-reliant Türkiye floundering with a weak currency and runaway inflation. On Sep. 22, the Fed decided on a third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against the country's surging inflation. Most countries have raised interest rates to fight the economic impact of the Fed's rate hikes in order to protect their currencies and prevent the outflow of foreign funds. But Türkiye did just the opposite. It has lowered its policy rate by 700 basis points since

U.S. Fed's rate hikes lead to currency devaluation, inflation worldwide

STORY: U.S. Fed's rate hikes lead to currency devaluation, inflation worldwide DATELINE: Sept. 23, 2022 LENGTH: 00:02:06 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Federal Reserve and U.S. dollar related footage 2. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science 3. SOUNDBITE 2 (English): MIR MOHAMMAD ALI KHAN, Former investment banker at Wall Street 4. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk STORYLINE: The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike as it continued to ramp up its fight against surging inflation. Experts have warned of various negative impacts of the rate hikes on the global economy, including currency devaluation and high inflation. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science "Will there be negative effects in the global economy by these rises in intere

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