Fed cuts key rate by 0.25 point

Fed cuts key rate by 0.25 point

U.S. Federal Reserve Chair Jerome Powell holds a press conference in Washington on Dec. 10, 2025, following a two-day monetary policy meeting. The Fed decided to cut its benchmark interest rate by 0.25 percentage point, its third straight rate reduction.

Fed chair Powell

Fed chair Powell

U.S. Federal Reserve Chair Jerome Powell holds a press conference following the central bank's policy meeting in Washington on May 7, 2025. The Fed kept its key interest rate steady for a third straight policy meeting, saying the risk of inflation has increased.

Turkish inflation keeps rising, adding burden to ordinary Turks

STORY: Turkish inflation keeps rising, adding burden to ordinary Turks DATELINE: Oct. 4, 2023 LENGTH: 00:02:12 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets 2. SOUNDBITE 1 (Turkish): HASAN DENIZ ARPACI, Unemployed mechanical engineer 3. SOUNDBITE 2 (Turkish): OZAN SENOL, Student STORYLINE: According to the Turkish Statistical Institute, Türkiye's annual inflation rate rose to 61.53 percent in Sept., climbing for a third straight month since it started to slide from Oct. last year. Due to runaway inflation, Turks are often on a bargain hunt for deals. SOUNDBITE 1 (Turkish): HASAN DENIZ ARPACI, Unemployed mechanical engineer "We have to juggle between several stores to find cheaper goods but then risk spending more transport fares. I don't see a bright future ahead of us. This high inflation will create high unemployment, impact further the economy in a negative way, and create social problems. Inflation has impacted everyone." SOUNDBITE 2 (Turkish): OZAN SENOL, Student

Australia's interest rate unchanged at 4.1 pct for 3rd month

STORY: Australia's interest rate unchanged at 4.1 pct for 3rd month DATELINE: Sept. 6, 2023 LENGTH: 00:00:59 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Reserve Bank of Australia (RBA) 2. various of estate industry of Australia STORYLINE: The Reserve Bank of Australia (RBA) decided on Tuesday to leave the cash rate target unchanged at 4.1 percent, with the interest rate paid on Exchange Settlement balances staying at 4.00 percent. This marked the third straight month that RBA put the interest rate on hold from July. Wrapping up a monetary policy meeting, RBA Governor Philip Lowe noted in a statement that interest rates have been increased by 4 percentage points since May last year. "The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month," said Lowe. The

Fed delivers 3rd straight 0.75 point rate hike

Fed delivers 3rd straight 0.75 point rate hike

U.S. Federal Reserve Chairman Jerome Powell speaks at a press conference in Washington on Sept. 21, 2022, after the Fed raised interest rates by 0.75 percentage point for the third straight time.

Fed delivers 3rd straight 0.75 point rate hike

Fed delivers 3rd straight 0.75 point rate hike

U.S. Federal Reserve Chairman Jerome Powell speaks at a press conference in Washington on Sept. 21, 2022, after the Fed raised interest rates by 0.75 percentage point for the third straight time.

Fed chief on interest rate hike

Fed chief on interest rate hike

U.S. Federal Reserve Chairman Jerome Powell speaks at a press conference in Washington on Sept. 21, 2022, after the Fed raised interest rates by 0.75 percentage point for the third straight time.

U.S. Fed chief Powell on rate cut

U.S. Fed chief Powell on rate cut

U.S. Federal Reserve Chairman Jerome Powell meets the press in Washington on Oct. 30, 2019, following a meeting of its policy-setting Federal Open Market Committee at which the central bank decided to reduce its target range for the federal funds rate by 0.25 percentage point for the third straight time. (Kyodo) ==Kyodo