Inflation & cost of living
Latest on CGTN • 1m 54s
The cost of mortgages, vehicle loans and other types of credit in the U.S. are on the rise after several years of ultra-low interest rates.
That’s after the central bank raised its benchmark interest rate for the first time since 2018.
The Federal Reserve hiked its rate partly to try to tame soaring inflation driving the U.S. cost of living up sharply.
Up Next in Latest on CGTN
-
Afghans face brain drain
Afghanistan faces a host of challenges since the Taliban took control last August, including a brain drain after thousands fled the country.
The impact is being felt across Afghan society in monumental ways.
Toby Muse reports.
-
U.S. interest rate impact emerging ma...
In the U.S., the Federal Reserve is expected to raise interest rates for the first time since 2018 amid soaring inflation, the impact from the crisis in Ukraine and the ongoing coronavirus pandemic.
The move will also have an impact on emerging markets. Most countries are already facing a slower...
-
Interest rate and inflation
This Wednesday, the U.S. Central Bank ended an era of record low borrowing.
The Federal Reserve raised its benchmark interest rate from zero to around a quarter of a percent, and it’s only a fraction.
The Fed’s decision will have a huge impact on the U.S. economy not long recovered from the pan...
