Now playing Next USA US stocks record best day in two years due to hopeful inflation data All the action stemmed from a U.S. government report showing that inflation slowed in October, better than many economists were expecting. 11/11/2022
Now playing Next Business US central bank raises interest rate to highest level in 15 years "We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%", said Federal Reserve chariman Jerome Powell. 02/11/2022
Now playing Next Europe Decoded Why do central banks raise interest rates to curb inflation? Banks hope that if borrowing money becomes more expensive, consumer demand will fall, bringing down prices along the way. 27/10/2022
Now playing Next Money Why Bitcoin and other cryptos are bracing for a tough week ahead Cryptos have borne the brunt of a massive ripple effect since the Terra saga but decisions in the US could put even more pressure on digital assets. 25/07/2022
Now playing Next USA US Federal Reserve attacks inflation with largest rate hike since 1994 The Fed’s decision to raise its key interest rate by 0.75% is seen as an acknowledgement that it's struggling to curb inflation. 15/06/2022
Now playing Next USA US raises interest rates by half a point to tame inflation The increase in the Fed's key rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago. 04/05/2022
Now playing Next Money Biden has signed an executive order on crypto. Here's what it said With this executive order, experts believe Biden is giving a pragmatic acknowledgement of the growing importance of Bitcoin and cryptocurrencies. 09/03/2022
Now playing Next Money Cryptos rally after leaked US Treasury statement calms crackdown fears The statement, which has since disappeared after being prematurely released, called for a 'coordinated approach' to digital assets. 09/03/2022
Now playing Next Money Biden to sign executive order on crypto to close sanctions loopholes The executive order, which is expected to be signed this week, will be a first step in regulating the cryptocurrency market in the US. 08/03/2022
Now playing Next Business COVID-19 spread prompts Federal Reserve to slash rates The Federal Reserve cut its benchmark interest rate by a half-percentage point in an effort to boost the economy in the face of the spreading coronavirus. 03/03/2020
Now playing Next Business US Federal Reserve cuts rates for second time since July The US Federal Reserve cut rates for the second time since July cited global developments and "muted inflation pressures". 18/09/2019
Now playing Next USA US Federal Reserve cuts interest rate, citing weak global growth The US Federal Reserve lowered its interest rate on Wednesday due to weak global growth and trade uncertainty. Could the cut affect Europeans? 01/08/2019
Now playing Next Business US Federal Reserve hikes interest rate The US Federal Reserve hikes interest rate, predicts three more years of economic growth. 26/09/2018
Now playing Next Business Trump accuses China and EU of currency manipulation The comments, plus Trump's criticism of Federal Reserve interest rate hikes, sent the dollar tumbling 20/07/2018
Now playing Next Economy Inflation jump raises rate rise worries in USA America's Federal Reserve may be prompted to act more drastically should inflation take off, and higher interest rates mean slower economic growth. 14/02/2018
Now playing Next world news Senate confirms Powell as next Federal Reserve chairman The US Senate overwhelmingly approves President Trump's nominee for the Federal Reserve, Jerome Powell. 24/01/2018
Now playing Next Economy Jerome Powell named new Fed Chair The 64-year-old lawyer and former investment banker is currently governor of the US central bank. 02/11/2017
Now playing Next Economy US job growth rebound makes interest rate hike more likely There was a sharp rebound in job growth in the United States in April as employers hired 211,000 new workers.The unemployment rate slid to 4.4%. 05/05/2017
Now playing Next Economy Federal Reserve set to wait on interest rate hike Economists do not expect the Federal Reserve to raise the benchmark interest rate on Wednesday at the end of its two-day policy meeting. 02/05/2017
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