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 makes another massive rate hike

U.S. Fed makes another massive rate hike

U.S. Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington on Nov. 2, 2022, following a massive 0.75 percentage point interest rate hike at a Federal Open Market Committee meeting, the fourth consecutive hike amid high inflation.

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

S. Korea raises policy rate by 25 bps to curb inflation

STORY: S. Korea raises policy rate by 25 bps to curb inflation DATELINE: Aug. 25, 2022 LENGTH: 0:01:33 LOCATION: Seoul CATEGORY: ECONOMY SHOTLIST: 1. Bank of Korea (files) 2. Bank of Korea (BOK) Governor Rhee Chang-yong (Yonhap TV) 3. a rate-setting meeting (Yonhap TV) 4. file footage of citizens shopping in mart (Yonhap TV) 5. file footage of U.S. dollar (Yonhap TV) STORYLINE: South Korea's central bank on Thursday raised its policy rate to curb inflation, delivering four back-to-back rate hikes for the first time. Bank of Korea (BOK) Governor Rhee Chang-yong and other monetary policymakers unanimously decided to lift the benchmark seven-day repurchase rate by 25 basis points to 2.50 percent. It marked the fourth consecutive rate increase for the first time, after hiking the rate by 50 basis points in July. The BOK set off its tightening monetary policy since August last year. The Thursday hike was in line with market expectations. According to a Korea Financial Investment Association poll of